BENNETT v. COMMISSIONER OF INTERNAL REVENUE

No. 12605.

139 F.2d 961 (1944)

BENNETT et ux. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Eighth Circuit.

Rehearing Denied February 8, 1944.


Attorney(s) appearing for the Case

R. Shad Bennett, of Clayton, Mo., for petitioners.

S. Dee Hanson, Sp. Asst. to Atty. Gen. (Samuel O. Clark, Jr., Asst. Atty. Gen., Sewall Key and A. F. Prescott, Sp. Assts. to Atty. Gen., on the brief), for respondent.

Before THOMAS and JOHNSEN, Circuit Judges, and MOORE, District Judge.


THOMAS, Circuit Judge.

This is a petition to review a decision of the Tax Court of the United States redetermining the tax liability of petitioners for the taxable years of 1936 and 1937. The taxpayers are husband and wife. They filed joint income tax returns for the taxable years. Their books were kept and their returns were filed on the cash receipts and disbursements basis.

Bennett is a lawyer and business man. His wife owns a considerable estate invested...

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