...and is subject to distribution as part of his estate. * * * " (39 Stat. 777). Section 203 provided that, for the purpose of the tax, the value of the net estate should be determined by making certain deductions, including such other charges against the estate...

...from the gross estate. The pertinent parts of section 403 of the Revenue Act of 1921 are as follows : Sec. 403. That for the purpose of the tax the value...the case of a resident, by deducting from the value ol the gross estate * * * (3) The amount of all bequests, * * • for the use of any corporation organized...

...territory or foreign jurisdiction." Section 249-c of the Tax Law (as added by Laws 1925, c. 320) says that: "For the purpose of the tax the value of the net estate shall be determined by deducting from the value of the gross estate : • • • Amounts for funeral expenses, administration...

...ment and in favor of the taxpayer. Gould tax the value of the net estate shall be determined— "(a)In the case of a resident, by deducting from the value of the gross estate— "(1) Such amounts for funeral expenses, administration expenses, claims against the...

...by all other beneficiaries as insurance under policies taken out by the decedent upon his own life. Sec. 403. That for the purpose of the tax the value...of a resident, by deducting from the value of the gross estate [specified items and an exemption of $50,000] . . . Sec. 408. ... If the tax or any part...

...such transaction, over the value of the consideration received therefor by the decedent. SBC. 303. For the purpose of the tax the value of the net estate...of a resident, by deducting from the value of the gross estate — (1) Such amounts for funeral expenses, administration expenses, claims against the...

...deduction. The pertinent provisions of the 1921 Revenue Act relative to this matter are the following : SBC. 403. That for the purpose of the tax the value of the net estate shall be determined — (a) In ih" case of a resident, by deducting from the value of the gross «ate— • • • ... m •••'»....

...the contrary. OPINION. MUBDOCK : Section 403 (a) (2) of the Revenue Act of 1921 is as follows : Swx 403. That for the purpose of the tax the value of the net estate shall be determined — («) In the case of a resident, by deducting from the value of the gross estate— • ****** (2)...

...2, 1П24." Section 303 of the Revenue Act of 1924, referred to above, as codified, read as follows: "For the purpose of the tax the value of the net estate shall be determined — "(a) Residents; deductions; exemption. — In the case of a resident, by deducting from the value of the...

...the decedent's death. (See Arts. 15 to 20, inclusive.) DEDUCTIONS—ESTATES OF NONRESIDENTS SEC. 303. For the purpose of the tax the value of the net estate shall be determined— * * * (b) In the case of a nonresident, by deducting from the value of that part of his gross estate...