Legal Opinion
Helvering v. Mountain Producers Corp.
Supreme Court of the United States
Decided March 7, 1938No. 600PublishedCited by 195 opinions
1Opinion of the CourtChief Justice Hughes
Respondent, Mountain Producers Corporation, owned all the capital stock of the Wyoming Associated Oil Corporation and filed a consolidated income tax return for the year 1925. Two distinct questions are involved with respect to the taxable income of the above-mentioned affiliate. These are (1) as to the amount of the gross income of the affiliate for the purpose of the statutory allowance for depletion in the case of oil and gas wells (Revenue Act of 1926, § 204 (c) (2), § 234 (a) (8)); and (2) as to a claim of exemption from taxation of income received by the affiliate under a trust…
2Cases cited21 opinions
- M'culloch v. State of MarylandSupreme Court of the United States · 1819
- Pollock v. Farmers' Loan & Trust Co.Supreme Court of the United States · 1895
- Metcalf & Eddy v. MitchellSupreme Court of the United States · 1926
- James v. Dravo Contracting Co.Supreme Court of the United States · 1937
- Burnet v. Coronado Oil & Gas Co.Supreme Court of the United States · 1932
16 more not listed; retrieve them via the Exa API.
3Cited by195 opinions
- Smith v. AllwrightSupreme Court of the United States · 1944
- Mescalero Apache Tribe v. JonesSupreme Court of the United States · 1973
- United States v. County of AlleghenySupreme Court of the United States · 1944
- Graves v. New York Ex Rel. O'KeefeSupreme Court of the United States · 1939
- Burton-Sutton Oil Co. v. CommissionerSupreme Court of the United States · 1946
190 more not listed; retrieve them via the Exa API.