United States Board of Tax Appeals September 9, 1932, Docket No. 55902 (Bliss v. Commissioner)

*965OPINION.

Teammell :

It is clear that under section 161 (b) of the Revenue Act of 1928 the petitioner is not liable for the tax upon the income of the trusts unless he has reserved to himself the power to revest in himself title to the corpus of the trusts, or unless it appears that the income of the trusts may in the discretion of the grantor be distributed to him or be held or accumulated