Andrews v. Franchise Tax Board

Judgment was entered in favor of respondent Franchise Tax Board on separate causes joined in a suit for refund of state personal income taxes paid by appellants. (Rev. & Tax. Code, § 19082. ) The matter was submitted to the superior court upon an agreed statement of facts.

Facts: The Andrews Case

Appellant William S. Andrews was a member of a partnership which had adopted a fiscal year ending August 31. In November 1958 and March 1959, the partnership sold certain properties which had been held more than five but not more than ten years, showing a long-term partnership gain; amounting to…