United States v. Nichols

The only point relied upon and presented for our consideration at the argument of this case was whether section 803(a) of the Revenue Act of 1932 (26 U.S.C.A. § 411(c) amending section 302(c) of the Revenue Act of 1926 was constitutional if applied retroactively' to the irrevocable trust here in question, executed in the year 1930, the creator of the trust having died subsequent to the effective date of the Revenue Act of 1932.

We regard the question as concluded by our decision of June 1, 1937, in Welch v. Hassett, 90 F.(2d) 833. We there said (page 840):

“The defendant’s contention that these…