CHAMBERS v. COMMISSIONER OF INTERNAL REVENUE

Nos. 5597, 5598.

77 F.2d 95 (1935)

CHAMBERS et al. v. COMMISSIONER OF INTERNAL REVENUE (two cases).

Circuit Court of Appeals, Third Circuit.

March 29, 1935.


Attorney(s) appearing for the Case

J. Villard Frampton and James H. Courtney, both of Oil City, Pa., for petitioners.

Frank J. Wideman, Asst. Atty. Gen., and Sewall Key, Norman D. Keller, and Harry Marselli, Sp. Assts. to Atty. Gen., for respondent.

Before BUFFINGTON, DAVIS, and THOMPSON, Circuit Judges.


BUFFINGTON, Circuit Judge.

These two appeals concern income tax in the same estate; one for the tax year of 1927, the other for 1929.

The underlying question involved is whether the gains realized in those years from the sale of certain stocks and real estate constituted corpus of the estate, and the tax was, therefore, payable by the trustees of the estate, or were gains and profits of the beneficiaries, and the tax was, therefore, payable by them. The Tax...

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