United States Tax Court November 8, 1948, Docket No. 15191 (Stake v. Commissioner)

lead-opinion

OPINION.

Disney, Judge-.

The parties specifically agree that pur question is as follows: Is the commuted value of annual payments to decedent’s widow from a pension fund established by decedent’s employer, the First National Bank of Chicago, to which fund the decedent and his employer made annual contributions during the 40-year period of decedent’s employment, includible in