Adams v. Commissioner
United States Board of Tax Appeals
Held, on the facts, that the petitioner had no right in the taxable years to income from sale of corporate stock received as dividends by the trust of which she was life beneficiary and that the respondent erred in including same in her income under section 162(b), revenue Act of 1934.
1Opinion of the Court
JENNIE ARROTT ADAMS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Adams v. Commissioner
Docket No. 98106.
United States Board of Tax Appeals
44 B.T.A. 408; 1941 BTA LEXIS 1335;
May 6, 1941, Promulgated
Held, on the facts, that the petitioner had no right in the taxable years to income from sale of corporate stock received as dividends by the trust of which she was life beneficiary and that the respondent erred in including same in her income under section 162(b), revenue Act of 1934.
James M. Houston, Esq., for the petitioner.
William A. Schmitt, Esq., for the respondent.
DISNEY
OPINION.
2Cases cited1 opinion
- Adams v. CommissionerUnited States Board of Tax Appeals · 1941