WHITAKER, Judge.
The question involved in this case is whether or not the transfer in trust of certain property by Clara G. Drewry on September 9, 1932 is subject to the gift tax imposed by section 501 of the Revenue Act of 1932, 47 Stat. 169, c. 209, 26 U.S.C. A. Int.Rev.Acts, page 580.
The trust provided that the income therefrom should be paid to the settlor during her life, and, in addition, if in any one year such income should fall below $12,000 the...
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