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WATSON v. COMMISSIONER.

No. 290.

345 U.S. 544 (1953)

73 S.Ct. 848

97 L.Ed. 1232

WATSON ET AL. v. COMMISSIONER OF INTERNAL REVENUE.

Supreme Court of United States.

Decided May 18, 1953.

Attorney(s) appearing for the Case

Arthur McGregor argued the cause for petitioners. With him on the brief was A. Calder Mackay.

Ellis N. Slack argued the cause for respondent. With him on the brief were Solicitor General Cummings, Assistant Attorney General Lyon and Hilbert P. Zarky.

Chester H. Ferguson and George W. Ericksen filed a brief for Edwards et al., as amici curiae, supporting petitioners.

MR. JUSTICE BURTON delivered the opinion of the Court.

This case relates to a taxpayer who, for several years, held an undivided interest in an orange grove and engaged in the business of growing and selling the oranges it produced. In the midst of the 1944 growing season, she sold her interest in the grove, including an unmatured crop then on the trees. The question before us is whether, for federal income tax purposes, she must treat that part of her profit from...

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