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Describe the DIAMOND v. COMM., Cite as 33 AFTR 2d 74-852, (CA7), 02/27/1974 court case in your own words. Provide the questions and issues that

Describe the DIAMOND v. COMM., Cite as 33 AFTR 2d 74-852, (CA7), 02/27/1974 court case in your own words. Provide the questions and issues that arise with an analysis.

The case is Sol DIAMOND and Muriel Diamond, PETITIONERS-APPELLANTS v. COMMISSIONER of Internal Revenue, RESPONDENT-APPELLEE.

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