Please brief and analyze.

Please brief and analyze.

Please brief and analyze to this case, DO NOT use any source/reference from other articles.

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Brief

Mauldin versus the commissioner for tax contests the case. The case mainly spins from the time in 1920 when Mauldin contracted to buy 160 acres of land which he intended to use for the cattle business. In the following years until 1924 he put aside the idea of cattle business due to drought and other complications that were facing the business, at the time meaning that he could not get good profits from the venture.

(544 words)