Rev. Rul. 72-488

Revenue Procedure 67-6, C.B. 1967-1, 576, announced a program for the review of rulings published in the Internal Revenue Bulletin before 1953 with an objective of identifying and publishing lists of those rulings which, although not specifically revoked or superseded, are not considered determinative with respect to future transactions.

Consistent with the objectives of that program, the Internal Revenue Service has reviewed certain additional rulings that were published in the Internal Revenue Bulletin after 1952. Some post-1952 rulings dealing primarily with the pension trust area were found that are not determinative with respect to future transactions and Revenue Ruling 72-92, C.B. 1972-1, 407, was published declaring those rulings obsolete.

Upon further review of post-1952 rulings having primary application in the pension trust area, the additional rulings listed below, although not specifically revoked or superseded, have been found to be not determinative with respect to future transactions because (1) the applicable statutory provisions or regulations have been changed or repealed; (2) the ruling position is specifically covered by statute, regulations, or a subsequent published Revenue Ruling; or (3) the facts set forth no longer exist or are not sufficient to permit application of the current statute. They are hereby declared to be obsolete.

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Other rulings published after 1952 relating to the pension trust area will continue to be reviewed to ascertain those that are inapplicable to future transactions. Therefore, failure to include any particular ruling in the above list should not be construed as an indication that the ruling necessarily is determinative with respect to future transactions.