DeBlois v. Commissioner of Corporations & Taxation

This is a complaint by way of appeal from the refusal by the respondent to abate an income tax assessed upon the complainants. St. 1926, c. 287, § 3. The complainants are trustees of a real estate trust, beneficial interests in which are represented by transferable shares. They are owners of improved real estate in Boston. They have filed an agreement (authorized by G. L. c. 62, § 1 (c) (d) (e), as most recently amended by St. 1926, c. 160) to pay income *438taxes due upon the income from the trust. The respondent assessed a tax upon the net income of the trust derived from rents for the use and…