State Tax Commission v. Felt

The commissioner of corporations and taxation appealed from a decision of the Appellate Tax Board granting an abatement of an income tax assessed to the trustees for the year 1951 with respect to income received during 1950, which the commissioner had previously refused to abate. In this court the State tax commission has been substituted as appellant. St. 1953, c. 654.

Under date of December 30, 1942, Rose S. Proctor (now Rose S. Taylor) made a declaration of trust for the benefit of the children of her husband, George N. Proctor, 3d, and of herself, all of whom were inhabitants of this…