Case: Ernest L. Henton, Petitioner, v. Commissioner of Internal Revenue, Respondent
Abbreviation: Henton v. Commissioner
Decision Date: 1928-01-19
Docket Number: Docket No. 24508
Citation: 10 B.T.A. 21
Volume: 10
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: Ernest L. Henton, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Pages: 21–22

Head Matter:
Ernest L. Henton, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 24508.
Promulgated January 19, 1928.
L. A. Rowland, Esq., and E. R. Willson, O. P. A., for the petitioner.
Shelby S. Faulkner, Esq., for the respondent.

Opinion:
OPINION.
Milliken :
The parties having filed a stipulation relative to errors (T) and (2), there is left for consideration only the question of the h'xability of the net income received as a lessee in the year 1920 from ho oil and gas lease here in question. In Terrell Co. v. Commissoiner, 9 B. T. A. 1131, we considered the same question and upon ¿jq.'Uty of the decision of the United States Supreme Court in the case of Heiner v. Colonial Trust Co., 275 U. S. 232, we held the net income received to be taxable.
Judgment will be entered on 15 days' notice, under Rule 50.