Bekins v. Commissioner
United States Board of Tax Appeals
1. Bonds were issued by political subdivisions of a state under general acts of the legislature. They were in varying amounts, representing in each instance the amount assessed against a particular lot or parcel of land for a public improvement and provided on their face, in accordance with the acts under which they were issued, that neither the issuing municipality nor any officer thereof should be holden for payment.
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1. Bonds were issued by political subdivisions of a state under general acts of the legislature. They were in varying amounts, representing in each instance the amount assessed against a particular lot or parcel of land for a public improvement and provided on their face, in accordance with the acts under which they were issued, that neither the issuing municipality nor any officer thereof should be holden for payment. Payment was to be made to the municipal treasurer for the benefit of the holder of the bond. In the event of default the holder of the bond was entitled to declare the whole…
1Opinion of the Court
MILO W. AND REED J. BEKINS, EXECUTORS, ESTATE OF KATHERINE BEKINS, DECEASED, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Bekins v. Commissioner
Docket No. 87675.
United States Board of Tax Appeals
38 B.T.A. 604; 1938 BTA LEXIS 846;
September 27, 1938, Promulgated
1. Bonds were issued by political subdivisions of a state under general acts of the legislature. They were in varying amounts, representing in each instance the amount assessed against a particular lot or parcel of land for a public improvement and provided on their face, in accordance with the acts under which they were…
2Cases cited23 opinions
- Brewster v. GageSupreme Court of the United States · 1930
- Manhattan General Equipment Co. v. Commissioner of Internal RevenueSupreme Court of the United States · 1936
- Edwards v. KearzeySupreme Court of the United States · 1878
- Koshland v. HelveringSupreme Court of the United States · 1936
- Willcutts v. BunnSupreme Court of the United States · 1931
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