Mountain View Cemetery Ass'n v. Commissioner
United States Board of Tax Appeals
Held, that amounts received by taxpayer for established fund for the permanent maintenance and upkeep of cemetery lots were received in trust and are not taxable as income.
1Opinion of the Court
MOUNTAIN VIEW CEMETERY ASSOCIATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Mountain View Cemetery Ass'n v. Commissioner
Docket No. 83757.
United States Board of Tax Appeals
35 B.T.A. 893; 1937 BTA LEXIS 819;
April 20, 1937, Promulgated
Held, that amounts received by taxpayer for established fund for the permanent maintenance and upkeep of cemetery lots were received in trust and are not taxable as income.
M. S. Galasso, Esq., for the petitioner.
W. E. Davis, Esq., for the respondent.
HILL
This proceeding is for the redetermination of a deficiency in income tax in the amount of…
2Cases cited1 opinion
- Mountain View Cemetery Ass'n v. CommissionerUnited States Board of Tax Appeals · 1937