Legal Opinion
Thompson v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided September 24, 1928No. 3784PublishedCited by 7 opinions
1Opinion of the Court
DAVIS, Circuit Judge.
This is an appeal from a decision of the United States Board of Tax Appeals, holding that $58,700, proceeds of the sale of certain ownership certificates, received by the petitioner and his associates, was income, and so taxable, and not capital contributions.
Some time prior to 1920 an oil well had been drilled, in or near Pittsburgh through a stratum of sand called the Speechley sand. It produced an unusually large quantity of oil. This created an oil fever in and about that community. In 1920, the petitioner and three associates formed a partnership, under the firm name…
2Cases cited4 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Eisner, Internal Revenue Collector v. MacOmberSupreme Court of the United States · 1919
- Doyle v. Mitchell Brothers Co.Supreme Court of the United States · 1918
- Stratton's Independence, Ltd. v. HowbertSupreme Court of the United States · 1913
3Cited by7 opinions
- Myron A. Anderson v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1971
- Rogan v. Blue Ridge Oil Co.Court of Appeals for the Ninth Circuit · 1936
- (PS) Davis v. CA Public Employee Retirement SystemDistrict Court, E.D. California · 2021
- Hill v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1930
- Hill v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1930
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