United States Board of Tax Appeals September 25, 1940, Docket No. 95182. (Hyde v. Commissioner)

lead-opinion

*744OPINION.

Hill:

The first issue for decision in this case is whether or not the sum of $3,000, which was paid to petitioner’s decedent on January 8, 1936, as interest on the alimony note for $100,000 referred to hereinabove, constituted taxable income.