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Dupont v. Commissioner, 289 U.S. 685 (1933)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Dupont v. Commissioner, 289 U.S. 685 (1933)
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DuPont v. Commissioner of Internal Revenue No. 791 Argued May 10, 1933 Decided May 29, 1933 289 U.S. 685
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE THIRD CIRCUIT
Syllabus
1. Section 219(h) of the Revenue Acts of 1924 and 1926, taxing incomes of trust funds as income of the settlor, when applied to payment of premiums on policies insuring his life for the benefit of the trust beneficiaries, held valid under Burnet v. Wells, ante p. 670. P. 687.
2. One who conveys securities in trust to keep up insurance on his life for the benefit of others, but reserves the right to retake the securities at the end of a stated period if he survives, retains such an interest in the securities, apart from his interest in having the premiums paid, that the income from the securities applied to the premiums during the trust period may constitutionally be taxed as his own. P. 688.
63 F.2d 44 affirmed.
Certiorari to review a judgment which affirmed a decision, 20 B.T.A. 482, sustaining an assessment on income.
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Chicago: U.S. Supreme Court, "Syllabus," Dupont v. Commissioner, 289 U.S. 685 (1933) in 289 U.S. 685 289 U.S. 687. Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=UY4IM3MPLKP2JUW.
MLA: U.S. Supreme Court. "Syllabus." Dupont v. Commissioner, 289 U.S. 685 (1933), in 289 U.S. 685, page 289 U.S. 687. Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=UY4IM3MPLKP2JUW.
Harvard: U.S. Supreme Court, 'Syllabus' in Dupont v. Commissioner, 289 U.S. 685 (1933). cited in 1933, 289 U.S. 685, pp.289 U.S. 687. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=UY4IM3MPLKP2JUW.
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