First Nat'l Bank v. Commissioner
United States Board of Tax Appeals
1. Where prior to the joint resolution of Congress adopted March 3, 1931, amending section 302(c) of the Revenue Act of 1926, bonds were transferred as a gift, the donor retaining the income therefrom for life, the value of such bonds is not includable in the donor's gross estate within the meaning of section 803 of the Revenue Act of 1932. Dwight Whiting et al., Trustees,35 B.T.A. 100. 2. In his will the decedent made certain bequests to charity which were approved and…
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1. Where prior to the joint resolution of Congress adopted March 3, 1931, amending section 302(c) of the Revenue Act of 1926, bonds were transferred as a gift, the donor retaining the income therefrom for life, the value of such bonds is not includable in the donor's gross estate within the meaning of section 803 of the Revenue Act of 1932. Dwight Whiting et al., Trustees,35 B.T.A. 100. 2. In his will the decedent made certain bequests to charity which were approved and ordered paid out of decedent's estate by a court of competent jurisdiction in the State of Georgia. Held, that such…
1Opinion of the Court
FIRST NATIONAL BANK OF ATLANTA AND MRS. MADELINE W. HEBERT, EXECUTORS OF THE ESTATE OF PAUL OCTAVE HEBERT, DECEASED, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
First Nat'l Bank v. Commissioner
Docket No. 83238.
United States Board of Tax Appeals
36 B.T.A. 491; 1937 BTA LEXIS 703;
August 31, 1937, Promulgated
1. Where prior to the joint resolution of Congress adopted March 3, 1931, amending section 302(c) of the Revenue Act of 1926, bonds were transferred as a gift, the donor retaining the income therefrom for life, the value of such bonds is not includable in the donor's gross…
2Cases cited15 opinions
- Knowlton v. MooreSupreme Court of the United States · 1900
- Freuler v. HelveringSupreme Court of the United States · 1934
- Nichols v. CoolidgeSupreme Court of the United States · 1927
- Helvering v. City Bank Farmers Trust Co.Supreme Court of the United States · 1935
- Jones v. HabershamSupreme Court of the United States · 1883
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