George D. Harter Bank v. Commissioner

OPINION.

Black :

The respondent determined a deficiency against the petitioner for income tax for the year 1928 in the sum of $3,266.96, only a part of which is in controversy. As to that part of the deficiency which is in controversy, petitioner alleges that the respondent erred by refusing a deduction of $24,000 distributed to Mary Ink, widow of decedent, H. H. Ink, from the income of the estate of decedent for the year 1928, and including said sum in petitioner’s income for that year. The payments in question were on account of an annuity provision in the will of H. H. Ink, deceased, which…