Hillyard v. Commissioner

Beryl Hillyard v. Commissioner.

Hillyard v. Commissioner

Docket No. 108838.

United States Tax Court

1942 Tax Ct. Memo LEXIS 107; 1 T.C.M. (CCH) 22; T.C.M. (RIA) 42584;

October 30, 1942

R. B. Cannon, Esq., and Claude Collard, C.P.A., 403 Petroleum Bldg., Fort Worth, Tex., for the petitioner. D. D. Smith, Esq., for the respondent.

OPPER

Memorandum Opinion

OPPER, J.: This proceeding seeks a redetermination of deficiency in income tax of $2,446.81 for the year 1939.

Various concessions having been made, the only question remaining is whether petitioner is taxable upon income realized on the sale of oil and…