BISHOP TRUST CO. v. COMMISSIONER OF INTERNAL REVENUE

No. 8431.

92 F.2d 877 (1937)

BISHOP TRUST CO. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Ninth Circuit.

November 11, 1937.


Attorney(s) appearing for the Case

Smith, Wild, Beebe & Cades, of Honolulu, T. H., for petitioners.

James W. Morris, Asst. U. S. Atty. Gen., and Sewall Key, Norman D. Keller, and Joseph M. Jones, Sp. Assts. to the Atty. Gen., for respondent.

Before DENMAN, STEPHENS, and HEALY, Circuit Judges.


STEPHENS, Circuit Judge.

This is a petition to review the United States Board of Tax Appeals Decision, upholding the Commissioner's determination of a deficiency in the income tax return made by the petitioners for the trust estate, for the year 1932, in the sum of $712.51.

The stipulated facts show that Maude G. Young, resident of Hawaii, died testate in 1926, leaving two surviving children, the beneficiaries of the trust herein involved. After certain bequests...

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