 ... may be, applied to the payment of premiums upon policies of insurance on the life of the grantor (except policies of insurance irrevocably payable for the purposes and in the manner specified in section 23 (o), relating to the so-called "charitable...  Reports of the U.S. Board of Tax Appeals - Page 298by United States. Board of Tax Appeals - 1934Full view - About this book
 | United States, United States. Congress. House. Committee on Ways and Means - 1938 - 348 pages
...specified in section 23 (o) , relating to the so-called"charitable contribution" deduction) ; then such part of the income of the trust shall be included in computing the net income of the grantor. (b) As used in this section, the term "in the discretion of the grantor" means "in the discretion of... | |
 | 1926 - 958 pages
...charitable, scientific, literary, i educational, ami some other similar purposes. such part of thf income of the trust shall be included in computing the net income of the grantor." Of course this is a direct blow at life insurance trusts. Prior to such enactment, such income under... | |
 | 1941 - 1688 pages
...manner specified in section 23 (o), relating to the so-called "charitable contribution" deduction); then such part of the Income of the trust shall be Included In computing the net Income of the grantor. (b) As used in this section the term "in the discretion of the grantor" means "in the discretion of... | |
 | 1940 - 1806 pages
...specified In section 23 (o) , relating to the so-called "charitable contribution" deduction); then such part of the Income of the trust shall be Included In computing the net Income of the grantor. (b) As used In this section, the term "In the discretion of the grantor" means "In the discretion of... | |
 | 1939 - 1030 pages
...specified in section 23 (o), relating to the so-called "charitable contribution" deduction) ; then such part of the income of the trust shall be included in computing the net income of the grantor. (b) As used in this section, the term "in the discretion of the grantor" means "in the discretion of... | |
 | 1939 - 174 pages
...in the disposition of such part of the corpus or the income therefrom, "then the income of such part of the trust shall be included in computing the net income of the grantor. "(f) INCOME FOR BENEFIT OF GRANTOR. — Where any part of the income of a trust — "(1) is, or in... | |
 | United States. Supreme Court - 1940 - 1096 pages
...in the disposition of such part of the corpus or the income therefrom, then the income of such part of the trust shall be included in computing the net income of the grantor." 344 Opinion of the Court. to impute to Congress a purpose to impose the tax when the grantor has an... | |
 | United States - 1953 - 1744 pages
...specified in section 23 (o) , relating to the so-called "charitable contribution" deduction) ; then anization. No gain or loss shall be recognized if stock or securities in a corporation a party to grantor, either alone or in conjunction with any person not having a substantial adverse interest in... | |
 | United States. Supreme Court - 1945 - 446 pages
...adverse interest in the disposition of such part of the income, be distributed to the grantor ; . . . such part of the income of the trust shall be included in computing the net income of the grantor," intends that whether such a distribution is permissible under the trust instrument shall be determined... | |
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