Knight v. Commissioner
United States Tax Court
Income -- Trusts. -- Petitioners, beneficiaries under trusts created by their father, are not taxable under section 22 (a) or section 162 on income of the trusts which they did not receive and which, under the terms of the trusts, they had no right to receive during the taxable years.
1Opinion of the Court
Samuel B. Knight, Petitioner, v. Commissioner of Internal Revenue, Respondent. Edward F. Knight, Petitioner, v. Commissioner of Internal Revenue, Respondent. Milton Knight, Petitioner, v. Commissioner of Internal Revenue, Respondent. Elizabeth Knight McIntosh, Petitioner, v. Commissioner of Internal Revenue, Respondent
Knight v. Commissioner
Docket Nos. 5794, 5795, 5796, 5797
United States Tax Court
6 T.C. 90; 1946 U.S. Tax Ct. LEXIS 312;
January 22, 1946, Promulgated
Decision will be entered under Rule 50.
Income -- Trusts. -- Petitioners, beneficiaries under trusts created by their father, are not…
2Cases cited1 opinion
- Knight v. CommissionerUnited States Tax Court · 1946