John D. Alkire Inv. Co. v. Nicholas

Section 219(g) of the Revenue Act of 1926 1 provided that where the grantor of a trust had, at any time during the taxable year, either alone or in conjunction with any other person not a beneficiary of such trust, the power to revest in himself any part thereof, the income of such part should be included in computing his income; section 239, 26 U.S.C.A.Int.Rev. Acts, page 190, provided that every corporation subject to taxation should make a return, stating specifically the items of its gross income and the deductions or credits allowed, and that it should be verified by certain officers…