...services (see Old Colony Trust Co. v. Com2 Section 22 (b) (3) of the Internal Revenue Code provides: "The following items shall not be included in gross...shall be exempt from taxation under this chapter: . . . "The value of property acquired by gift, bequest, devise, or Opinion of the Court. 343 US missioner,...

...Life insurance. — The proceeds of life insurance policies paid to the heirs or beneficiaries upon the death of the insured, whether in a single sum or otherwise, whether in a single sum or otherwise, but if such amounts are held by the insurer under an agreement...

...following items shall not be included in gross income and shall be exempt from taxation under this title: (1) LIFE INSURANCE. — Amounts received under a life...the death of the insured, whether in a single sum or in installments (but if such amounts are held by the insurer under an agreement to pay interest thereon,...

...income" does not include the following items, which shall be exempt from taxation under this title: (1) Amounts received under a life insurance contract paid...the death of the insured, whether in a single sum or in installments (but if such amounts are held by the insurer under an agreement to pay interest thereon,...

...income" does not include the following items, which shall be exempt from taxation under this title: (1) Amounts received under a life insurance contract paid...the death of the insured, whether in a single sum or in installments (but if such amounts are held by the insurer under an agreement to pay interest thereon,...

...allowed, by the British law and not by the United States law will then be listed. EXEMPT INCOME• 1. Amounts received under a life insurance contract paid by reason of the death of the insured are exempt in the United States.1 In any event, the amount of the policy which represented...

...following items shall not be included in gross income and shall be exempt from taxation under this title: (1) LIFE INSURANCE. — Amounts received under a life...the death of the insured, whether in a single sum or in installments (but if such amounts are held by the insurer under an agreement to pay interest thereon,...

...income" does not include the following items, which shall be exempt from taxation under this title : (1) Amounts received under a life insurance contract paid...the death of the insured, whether in a single sum or in installments' (but if such amounts are held by the insurer under an agreement to pay interest thereon,...

...income" does not include the following items, which shall be exempt from taxation under this title: (1) Amounts received under a life insurance contract paid...the death of the insured, whether in a single sum or in installments (but if such amounts are held by the insurer under an agreement to pay interest thereon,...

...policies. — EXTENT TO WHICH EXEMPT WHEN PAID TO BENEFICIARJES. — LAW. Section 213 (b) . . . . (i) Amounts received under a life insurance contract paid by reason of the death of the insured, 'See "Tax Exemption of State Employees," by Roswell F. Magill, 35 Yale Law Journal, 956....