 ... 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. Tax Court - 1944 - 1686 pages
...the disposition of such part of the Income, be distributed to the grantor ; • *.*••• ** nek part of the income of the trust shall be Included in computing the net Income of « Dlltiv grantor as an individual. This power of the spouse is limited only in that he or... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1944 - 336 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... | |
 | United States, Walter Elbert Barton - 1944 - 1286 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. Sec. 167. (b) As used in this section the term "in the discretion of the grantor" means "in the discretion... | |
 | Philippines - 1945 - 1064 pages
...may be, applied to the payment of premiums upon policies of insurance on the life of the grantor ; such part of the income of the trust shall be included in computing the net income of the grantor. (6) As used in this section, the term "in the discretion of the grantor" means in the discretion of... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 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... | |
 | United States. Tax Court - 1945 - 1374 pages
...specified In section 23 (o), relating to the so-called "charitable contribution" deduction) ; then ouch part of the income of the trust shall be Included in computing the net Income of the grantor. Since this trust was created with funds which petitioner furnished for that purpose, we must conclude... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1946 - 428 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... | |
 | United States. Congress. Senate. Committee on the District of Columbia - 1947 - 1136 pages
...estate or trust ending within or with his taxable year. Sne. 7. REVOCMHE Tnrsrs. — The income of a trust shall be Included in computing the net income of the grantor of such trust where at any time the power to revest in the grantor title to any part of the corpus... | |
 | United States. Congress. Senate. Committee on the District of Columbia - 1947 - 1798 pages
...or the Income therefrom : or SEC. 8. INCOME FOB BENEFIT OF GRANTOR. — So much of the income of any trust shall be included in computing the net income of the grantor as — (a) is, or in the discretion of the grantor or of any person not having a substantial adverse... | |
 | United States. Congress. House. Committee on Ways and Means - 1953 - 1024 pages
...is, or in the discretion of the grantor may be, applied to the payment of such a life policy, then such part of the income of the trust shall be included in the grantor's income. Mr. Rand had created a trust some years prior to the tax years in question, the... | |
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