Lawler v. Commissioner of Internal Revenue

WILBUR, Circuit Judge.

Petitioners, the executors of the last will and testament of Erskine M. Ross, deceased, who died on December 10, 1928, have petitioned for a review of the decision of the Board of Tax Appeals sustaining deficiencies determined by the Commissioner in the decedent’s income taxes for the years 1923, 1924, 1925, 1926, and 1928.

Prior to March 1, 1913, decedent acquired a tract of land situated near the city of Glendale, county of Los Angeles, state of California, comprising some 703 acres. On February 10, 1923, decedent entered into an agreement with Haddock-Nibley Company, a…