Crabb v. Commissioner

HUTCHESON, Circuit Judge.

Unconvinced and undismayed by three defeats, first in the Board of Tax Appeals,1 next in this court,2 and again in the Tax Court3 on remand for the taking of further evidence,4 petitioners are here again. Arguing with the same undiminished vigor and apparent confidence that the instrument called an instrument of “agency contract and trust” entered into by them on February 15, 1932, with respect to their separately owned lands, and the transactions under it, created a partnership in their lands, they insist that this made the oil royalty and bonus income each received,…