The United States Court of Appeals for the First Circuit (in case citations, 1st Cir.) is a federal court with appellate jurisdiction over the district courts in the following districts:
MoreThis intention could have been fulfilled in two ways: (1) By taking out the policies in the name of the company as trustee for such stockholders, in which case there would be no question but the amounts received by the petitioners were received under the life insurance contracts;
In 1900 his father, William Minot, whose domicile was in Massachusetts, conveyed certain property to trustees there on trust to pay the income to his children for life, with the right to each child to appoint by will his or her share of the trust fund.
, The defendant moved for a directed verdict on the ground that the defendant owed no duty to the plaintiff and there was no substantial evidence that the plaintiff's injuries were due to the defendant's negligence. Huset v. J. I. Case Threshing Machine Co. (C. C. A.) 120 F. 865, 61 L. R. A. 303;
74 F.2d 25 (1934), GREENOUGH, v., COMMISSIONER OF INTERNAL REVENUE., Circuit Court of Appeals, First Circuit. and the grantor and the other two trustees could determine at all times what receipts should constitute capital and what income, and when it should be paid to the petitioner as income.
, This is an appeal from an injunction order entered by the United States District Court of Puerto Rico under new section 74 of the Bankruptcy Act (47 Stat. 1467, § 74, 11 USCA § 202) restraining the appellant from proceeding with a foreclosure suit pending before the district court of San Juan.
At this time the West Co., in addition to the $10, 000 evidenced by the two collateral notes, owed the Trust Company $7, 842 for new money advanced on assigned accounts receivable as security. Germania Savings Bank Trust Co. v. Loeb (C. C. A.) 188 F. 285; 295, 32 L. Ed. 669; 822, 15 L. R. A. 710.
Indianapolis, etc., R. R. Co. v. Horst, 93 U.S. 291, 23 L. Ed. 898; and, while in case of a clear omission of some definite item of damage, certain state courts, to avoid the expense of a new trial, have ordered judgment for an amount that will include the omitted item, as in Carr v. Miner, supra;
, Before WILSON and MORTON, Circuit Judges, and PETERS, District Judge., The difficulty with this statute is created by the provision restricting the application of the tax to property of the decedent's estate which was subject to * * * the expenses of its administration. 58, 75 L. Ed. 239;
The 170 shares of stock were as clearly identified as stock purchased for the appellant as the 100 share certificate tagged with his name, since the appellant was the only customer on the books of Gurnett Co. for Utilities stock, and no other customer of Gurnett Co. made any claim to this stock.
4, 76 L. Ed. 131, and that the Commissioner was correct in treating the gains realized by the purchase of the notes for less than their face value as taxable income. In each of those cases, as in this, the liabilities of the taxpayer were diminished without a diminution of the assets. was a loss.
322, 21 L. Ed. 597]), surety bonds exacted by it in the exercise of its police power (Ambrosini v. United States, supra [187 U.S. 1, 23 S. Ct. The enjoyment of public parks hardly can be restricted to residents of a particular city or town. Bolster v. City of Lawrence, 225 Mass. 387, 114 N.E.
the District Judge held it valid;, The trustee contends that the mortgage is completely invalid under the Massachusetts statutes (General Laws, chapter 156, § 42), because it was not authorized by a vote of two-thirds of the capital stock, at a meeting duly called for the purpose.
The statutes and regulation should not be construed to entitle a taxpayer to the benefit of an expenditure made by his lessee, when the taxpayer has failed to report or to pay a tax in the appropriate year or years upon the income received by virtue of the lessee's expenditure.
, Circuit Court of Appeals, First Circuit. It cannot be fairly claimed that S. F. Scott Sons, Inc., was acting for Samuel F. Scott when, in 1921, at the suggestion of the government, it filed a corporation return for 1918, or for his estate when it paid the tax on demand in 1925.
, The question is whether the public trustees of the Boston Elevated Railway Company were subject to a federal income tax on their official salaries for the years 1926-29. If a state officer exercises any powers of that character, his entire salary is, in our opinion, exempt by the regulation.
The objections to the discharge were heard in open court by the District Judge. Breitman, a brother-in-law of the bankrupt, filed a proof of claim on notes alleged to have been made by the bankrupt, aggregating $2, 700. On the printed record, Clark's testimony appears reliable and persuasive.
