Old Colony Trust Company v. Commissioner of Internal Revenue (279 U.S. 716)
[Syllabus from pages 716-718 intentionally omitted]

Messrs. Arthur A. Ballantine and George E. Cleary, both of New York City, for Old Colony Trust Co. and others.

The Attorney General and Mr. Alfred A. Wheat, of Washington, D. C., for Commissioner of Internal Revenue.

Mr. Chief Justice TAFT delivered the opinion of the Court. 

Notes
United States Supreme Court decisions on taxation