Commissioner of Internal Revenue v. Blair

(after stating the facts as above).

The statutes involved in this appeal are Revenue Act of 1921, c. 136, 42 Stat. 227, 233, 246, §§ 210, 211 (a) (1), 219 (a) (3, 4), and so much thereof as is applicable is set forth in the margin. 1

The only question presented for our determination is whether the law will permit the trust incoine devised to respondent by his father’s will to be assigned by him prior to his actual receipt of it.- If this question be answered in the affirmative, the ruling of the Board is correct; if it be answered in the negative, respondent is properly chargeable with the…