DEGNAN v. COMMISSIONER OF INTERNAL REVENUE

No. 10376.

136 F.2d 891 (1943)

DEGNAN v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Ninth Circuit.

June 29, 1943.


Attorney(s) appearing for the Case

Wright, Innis & Simon, Raymond G. Wright, and Arthur E. Simon, all of Seattle, Wash., for petitioner.

Samuel O. Clark, Jr., Asst. Atty. Gen., and Sewall Key, A. F. Prescott, Maryhelen Wigle, and Arthur Manella, Sp. Assts. to the Atty. Gen., for respondent.

Before GARRECHT, MATHEWS, and STEPHENS, Circuit Judges.


STEPHENS, Circuit Judge.

Taxpayer petitions for review of a decision of the Board of Tax Appeals (now the Tax Court of the United States) redetermining a deficiency of $224.51 in petitioner's income tax for the year 1939.

Petitioner Degnan and one Toivo J. Rosander entered into the partnership of Degnan and Rosander. The partnership acquired a metal mine in Alaska and derived the first items of income and incurred...

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