US SUPREME COURT DECISIONS

U.S. Supreme Court

Smietanka v. First Trust & Savings Bank, 257 U.S. 602 (1922)

Smietanka v. First Trust & Savings Bank

No. 540

Argued January 19, 1922

Decided February 27, 1922

257 U.S. 602

CERTIORARI TO THE CIRCUIT COURT OF APPEALS

FOR THE SEVENTH CIRCUIT

1. The Income Tax Act of 1913 made no provision for taxing income held and accumulated by a trustee for unborn and unascertained beneficiaries. P. 257 U. S. 605. chanrobles.com-red

Page 257 U. S. 603

2. Semble that the specific inclusion of such income by the Act of 1916 was a legislative interpretation of the earlier act as not including it. P. 257 U. S. 607.

Affirmed.