LAIRD
v.
COMMISSIONER OF INTERNAL REVENUE
The question presented for decision in this case is whether petitioner, who had executed an oil and gas lease for a consideration paid partly in cash and to he paid partly out of oil to be produced from the lease, but without retaining a royalty interest, was entitled to depletion on the cash received The Board decided that petitioner was not entitled to claim depletion on the cash payment. We may refer to the opinion of the Board for the facts in detail without repeating them. See 35 B.T.A. 75. On the authority of Commissioner v. Fleming, 5 Cir., 82 F.2d 324; Blankenship v. United States, 5 Cir., 95 F.2d 507; Helvering v. O’Donnell, 58 S.Ct. 619, 82 L.Ed. -; and Helvering v. Elbe Oil Land Development Co., 58 S.Ct. 621, 82 L.Ed. -, the decision of the Board is
Affirmed.
Cases With Similar Vibessemantic neighbors from the corpus
Citator
Cited By
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Hammonds v. Commissioner of Internal Revenue, 106 F.2d 420 (10th Cir. 1939)
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Cullen v. Commissioner OF Internal Revenue (two eases), 118 F.2d 651 (5th Cir. 1941)
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Commissioner of Internal Revenue v. Roeser & Pendleton, Inc., 118 F.2d 462 (5th Cir. 1941)
Previewing 3 of 4 citing cases — full citator treatment, depth of discussion, and citing context are member features.
Join FLexlaw to unlock all legal intelligenceAuthorities Cited
- Helvering v. Elbe Oil Land Dev. Co., 303 U.S. 372 (U.S. 1938)
- Helvering v. O'Donnell, 303 U.S. 370 (U.S. 1938)
- Commissioner of Internal Revenue v. Fleming, 82 F.2d 324 (5th Cir. 1936)
- Blankenship v. United States, 95 F.2d 507 (5th Cir. 1938)