In two cases, consolidated for decision, the Court formulated the test to be used in deciding whether an item of income or a gift and, therefore, not income. Both cases are colorful. The first involves getting unwanted Cadillac. The second involves the transfer of a much photographed Trinity Church, which is located at the end of Wall Street. "Hide
by Henry B. Reiling Source: Harvard Business School 6 pages. Publication Date: June 25, 1984. Prod. #: 284074-PDF-ENG
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