Vinton Petroleum Co. v. Commissioner
United States Board of Tax Appeals
During the taxable years the petitioner operated oil wells on several separate properties. Some of these properties were owned and some were leased. In computing the reasonable allowance for depletion under section 204 of the Revenue Act of 1926, and section 114 of the Revenue Act of 1928, held, the computation should be made with respect to each property separately.
1Opinion of the Court
VINTON PETROLEUM COMPANY OF TEXAS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Vinton Petroleum Co. v. Commissioner
Docket Nos. 46744, 54650, 64156.
United States Board of Tax Appeals
28 B.T.A. 549; 1933 BTA LEXIS 1105;
June 27, 1933, Promulgated
During the taxable years the petitioner operated oil wells on several separate properties. Some of these properties were owned and some were leased. In computing the reasonable allowance for depletion under section 204 of the Revenue Act of 1926, and section 114 of the Revenue Act of 1928, held, the computation should be made with respect…
2Cases cited6 opinions
- Brewster v. GageSupreme Court of the United States · 1930
- National Lead Co. v. United StatesSupreme Court of the United States · 1920
- United States v. Dakota-Montana Oil Co.Supreme Court of the United States · 1933
- Vinton Petroleum Co. v. CommissionerUnited States Board of Tax Appeals · 1933
- P-M-K Petroleum Co. v. CommissionerUnited States Board of Tax Appeals · 1931
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