Case Name: Old Colony Trust Co., and Cornelius A. Wood, Executors of the Will of William M. Wood, Deceased, Petitioners, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1927-07-13
Citations: 7 B.T.A. 648
Docket Number: Docket No. 6508
Parties: Old Colony Trust Co., and Cornelius A. Wood, Executors of the Will of William M. Wood, Deceased, Petitioners, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 7
Pages: 648–652

Head Matter:
Old Colony Trust Co., and Cornelius A. Wood, Executors of the Will of William M. Wood, Deceased, Petitioners, v. Commissioner of Internal Revenue, Respondent.
Docket No. 6508.
Promulgated July 13, 1927.
James Craig Peacock, Esq., and Arthwr A. Badlcmtine, Esq., for the petitioners.
Arthur H. Murray, Esq., for the respondent.

Opinion:
OPINION.
Littleton :
On the authority of the opinion of the Board in Providence & Worcester R. R. Co., 5 B. T. A. 1186, the action of the Commissioner in holding that the amount of tax paid by the American Woolen Co. upon the petitioner's income was taxable income to him in the year in which paid is approved.
Reviewed by the Board.
Judgment will ~be entered for the respondent.