Chapin v. Commissioner of Internal Revenue (Two Cases)

WOODROUGH, Circuit Judge.

These two petitions to review decisions .of the Tax Court are brought up on one record and present the single question whether the petitioning taxpayers, who are husband and wife, properly accrued the gain from the sale of their section of land containing 867 acres in the year 1943, or whether the Commissioner was right in taxing that gain to them as income for 1944. The Tax Court decided that the Commissioner did not err in 'holding that the gain was taxable income of 1944, its decision, together with its findings of fact being reported at 12 T.C. 235.

As is clearly…