PERRY v. COMMISSIONER OF INTERNAL REVENUE

No. 13126.

152 F.2d 183 (1945)

PERRY et al. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Eighth Circuit.

December 13, 1945.


Attorney(s) appearing for the Case

James D. Dye, of Wichita, Kan. (Ellis D. Bever, of Wichita, Kan., on the brief), for petitioners.

Harold D. Cohen, Sp. Asst. to Atty. Gen. (Samuel O. Clark, Jr., Asst. Atty. Gen., and Sewall Key, A. F. Prescott, and Louise Foster, Sp. Assts. to Atty. Gen., on the brief), for respondent.

Before GARDNER, THOMAS and RIDDICK, Circuit Judges.


THOMAS, Circuit Judge.

This is a petition to review a decision of the Tax Court of the United States redetermining an income tax deficiency of the taxpayers for the year 1937. The petitioners are husband and wife residing at Kansas City, Missouri. They kept their books and filed their income tax returns on a cash basis.

The question in issue before the Tax Court was whether deferred payments received by J. W. Perry in 1937 under a contract with Canadian Telephones...

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