Isham v. Commissioner
United States Board of Tax Appeals
Interest paid by the city of New York on a condemnation award and received by petitioner as life beneficiary of a trust is not exempt from income tax under section 213(b)(4) of the Revenue Act of 1926.
1Opinion of the Court
MARY LINCOLN ISHAM, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Isham v. Commissioner
Docket No. 54694.
United States Board of Tax Appeals
26 B.T.A. 1040; 1932 BTA LEXIS 1199;
September 28, 1932, Promulgated
Interest paid by the city of New York on a condemnation award and received by petitioner as life beneficiary of a trust is not exempt from income tax under section 213(b)(4) of the Revenue Act of 1926.
Harry J. Compaign, Esq., george L. Shearer, Esq., and John A. Kratz, Esq., for the petitioner.
C. A. Ray, Esq., for the respondent.
SMITH
OPINION.
SMITH: This is a proceeding for the…
2Cases cited5 opinions
- Hibernia Savings & Loan Society v. San FranciscoSupreme Court of the United States · 1906
- Matter of City of New York (West 151st St.)New York Court of Appeals · 1918
- In re the City of New York Relative to Acquiring Title to the LandsAppellate Division of the Supreme Court of the State of New York · 1926
- Isham v. CommissionerUnited States Board of Tax Appeals · 1932
- Klein v. CommissionerUnited States Board of Tax Appeals · 1932