Legal Opinion
Alexander v. Continental Petroleum Co.
Court of Appeals for the Tenth Circuit
Decided March 8, 1933No. 615PublishedCited by 3 opinions
1Opinion of the Court
COTTERAL, Circuit Judge.
This suit was brought by the Continental Petroleum Company to recover an. excess payment of income tax for the year 1925-, which was due to a refusal by the Commissioner of Internal Revenue to allow a deduction claimed for depletion.
On December 21, 1921, the Continental Petroleum Company agreed, in writing, with the Transcontinental Oil Company (both Delaware corporations) the former would on January 25, 1922, sell and assign to the latter certain oil leases it had acquired in Creek county, Okl., for $5,000,000, of which $1,000,-000 was to he paid in cash, three…
2Cases cited7 opinions
- Palmer v. BenderSupreme Court of the United States · 1932
- Rich v. DonegheySupreme Court of Oklahoma · 1918
- White v. United StatesCourt of Appeals for the Tenth Circuit · 1931
- Maryland Casualty Co. v. JonesSupreme Court of the United States · 1929
- Alexander v. KingCourt of Appeals for the Tenth Circuit · 1931
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3Cited by3 opinions
- Hurley v. United StatesDistrict Court, N.D. Oklahoma · 1935
- Commissioner of Internal Revenue v. ELLIOTT P. CORP.Court of Appeals for the Ninth Circuit · 1936
- Holly Development Co. v. CommissionerCourt of Appeals for the Ninth Circuit · 1937