Duquesne Law Review
Abstract
Payments made to a widow by a corporation of which her deceased husband had been an officer, director and shareholder are not gifts unless they proceed out of generosity, affection, respect, admiration, charity or like impulses.
Smith v. Commissioner of Internal Revenue, 305 F.2d 778 (3d Cir. 1962).
First Page
248
Recommended Citation
Taxation - Income vs. Gift - Payments to Widow of Officer-Stockholder,
1
Duq. L. Rev.
248
(1963).
Available at:
https://dsc.duq.edu/dlr/vol1/iss1/11