HELVERING, COMMR. OF INTERNAL REVENUE v. McILVAINE TR.

Supreme Court

HELVERING, COMMR. OF INTERNAL REVENUE v. McILVAINE TR.

296 U.S. 488, 56 S. Ct. 332, 80 L. Ed. 345, 1936 U.S. LEXIS 481, 1 C.B. 245, 16 A.F.T.R. (P-H) 1309

Supreme Court of the United States·Decided January 6, 1936·No. 566·Published·Cited by 17 cases

Opinion

*489 Mr. Chief Justice Hughes

delivered the opinion, of the Court.

The question presented in this case is similar to that involved in United States Trust Co. v. Commissioner, decided this day, ante, p. 481. By amendments under a reserved power, the terms of an original trust created by John P. Wilson, in 1913, were altered with the intention of creating three separate trusts. The Board of Tax Appeals, upon findings supported by evidence, concluded that this purpose was accomplished and hence that there was no deficiency. 29 B. T. A. 304. The Circuit Court of Appeals affirmed the order of the Board. 78 F. (2d) 787. We granted certiorari because of the conflict with the decision of the Circuit Court of Appeals for the Second Circuit, in the case of the United States Trust Company, supra, 75 F. (2d) 973, and, for the reasons stated in our opinion in that case, the decree of the Circuit Court of Appeals is

Affirmed..

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*489 Mr. Chief Justice Hughes

delivered the opinion, of the Court.

The question presented in this case is similar to that involved in United States Trust Co. v. Commissioner, decided this day, ante, p. 481. By amendments under a reserved power, the terms of an original trust created by John P. Wilson, in 1913, were altered with the intention of creating three separate trusts. The Board of Tax Appeals, upon findings supported by evidence, concluded that this purpose was accomplished and hence that there was no deficiency. 29 B. T. A. 304. The Circuit Court of Appeals affirmed the order of the Board. 78 F. (2d) 787. We granted certiorari because of the conflict with the decision of the Circuit Court of Appeals for the Second Circuit, in the case of the United States Trust Company, supra, 75 F. (2d) 973, and, for the reasons stated in our opinion in that case, the decree of the Circuit Court of Appeals is

Affirmed..

HELVERING, COMMR. OF INTERNAL REVENUE v. McILVAINE TR., 296 U.S. 488, 56 S. Ct. 332, 80 L. Ed. 345, 1936 U.S. LEXIS 481, 1 C.B. 245, 16 A.F.T.R. (P-H) 1309 (1936).

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