United States Board of Tax Appeals August 16, 1929, Docket No. 15563. (Woodrow Lee Trust Co. v. Commissioner)

lead-opinion

*110OPINION.

Arundell:

The respondent’s determination that the petitioner was an operating trust, taxable as a corporation, was made on March 9, 1926, based upon I. T. 2061 (C. B. III-2, p. 5), published August 11, 1924, as the result of the decision rendered in Hecht v. Medley, 265 U. S. 144. The provisions of I. T.