COMMISSIONER OF INTERNAL REVENUE v. TURNEY

No. 7790.

82 F.2d 661 (1936)

COMMISSIONER OF INTERNAL REVENUE v. TURNEY.

Circuit Court of Appeals, Fifth Circuit.

March 7, 1936.


Attorney(s) appearing for the Case

J. P. Jackson, Sewall Key, Helen R. Carloss, and Lucius A. Buck, Sp. Assts. to Atty. Gen., and Robert H. Jackson, Asst. Gen. Counsel, Bureau of Internal Revenue, and Phillip A. Bayer, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., for petitioner.

Nelson Phillips, of Dallas, Tex., for respondent.

Before FOSTER, HUTCHESON, and WALKER, Circuit Judges.


WALKER, Circuit Judge.

The petitioner challenges the decision of the Board of Tax Appeals that one-half of the amounts of bonus money paid in 1929 to the respondent, the taxpayer, by the lessee under two oil and gas leases made by the respondent, covering land the surface right to which was owned by the respondent, the right to minerals in that land having been reserved by the state of Texas when it granted the surface rights therein, was not taxable as income of...

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