United States Board of Tax Appeals October 30, 1942, Docket No. 106059 (United Life Insurance v. Commissioner)

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United States · · · 30-10-1942

*962OPINION.

Leech:

The principal issue is whether the reserves maintained by the petitioner are of the character required by sections 201 (a) and 203 (a) (2) of the Revenue Acts of 1934 and 1936, so that it may be taxed as a life insurance company.

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