Waggoner v. Commissioner

Littleton:

Reargument was had in those proceedings upon motion of the petitioners subsequent to the publication of the Board’s findings of fact, opinion, and interlocutory decision on January 26, 1927.

Petitioners contend first that the Board should set aside its conclusion as to the Waggoner-Greene-Noble & Co. transaction relat*630ing to a three-eighths oil and gas interest as a completed sale in 1919, giving rise to the receipt of a total taxable profit of $222,607.15 in that year, and, secondly, that the evidence in the record is not sufficient to support the conclusion that petitioners’…