Handly v. Commissioner
United States Board of Tax Appeals
The income of a trust created in Tennessee by a mother for the education and support of each of her minor children and distributed to their father, one of the trustees, for that purpose, held not within her gross income, notwithstanding the settlor's right to revoke as to principal in a future year.
1Opinion of the Court
FRANKLIN MILLER HANDLY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Handly v. Commissioner
Docket Nos. 66810, 67671, 74406.
United States Board of Tax Appeals
30 B.T.A. 1271; 1934 BTA LEXIS 1201;
July 24, 1934, Promulgated
The income of a trust created in Tennessee by a mother for the education and support of each of her minor children and distributed to their father, one of the trustees, for that purpose, held not within her gross income, notwithstanding the settlor's right to revoke as to principal in a future year.
J. Harry Price, Esq., and W. T. Kennerly, Esq., for the…
2Cases cited10 opinions
- Burnet v. WellsSupreme Court of the United States · 1933
- Stetson v. CommissionerUnited States Board of Tax Appeals · 1932
- Ashforth v. CommissionerUnited States Board of Tax Appeals · 1932
- Lynch v. CommissionerUnited States Board of Tax Appeals · 1931
- Schweitzer v. CommissionerUnited States Board of Tax Appeals · 1934
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