Mr. Justice Sutherland delivered the opinion of the Court. The question for decision is whether a sum of money received by petitioner in January, 1931, was “compensation” subject to the federal income tax, or a “gift” exempt therefrom. The Commissioner held it to be compensation, constituting part of petitioner’s gross income, and declared a deficiency. The Board of Tax Appeals sustained the determination of th…
Read the full opinion (source) ↗
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Citation figures are counts of later citing opinions in our corpus and may be incomplete; always read and Shepardize the full opinion before relying on it.