CORBETT INVESTMENT CO. v. HELVERING

No. 6218.

75 F.2d 525 (1935)

CORBETT INVESTMENT CO. v. HELVERING, Commissioner of Internal Revenue.

United States Court of Appeals for the District of Columbia.

Decided January 7, 1935.


Attorney(s) appearing for the Case

W. W. Spalding, of Washington, D. C., and Herbert L. Swett, of Portland, Or., for petitioner.

Frank J. Wideman, Asst. Atty. Gen., and Robert H. Jackson, William E. Davis, and J. Louis Monarch, all of Washington, D. C., for respondent.

Before MARTIN, Chief Justice, and ROBB, VAN ORSDEL, HITZ, and GRONER, Associate Justices.


GRONER, Associate Justice.

Petitioner is an Oregon corporation. In 1903 Henry W. Corbett, a resident of Portland, Or., died testate leaving surviving him a widow and three grandsons. His will bequeathed to the widow $150,000 in cash, the use, tax free, of certain parcels of real estate, and the annual sum of $12,000 for her natural life, to be paid monthly out of the "income and rents" from the testator's real property. These provisions for the widow were in lieu...

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