Walker v. Commissioner
United States Board of Tax Appeals
1. The petitioners reported in their returns for the years 1921, 1922, 1923, and 1924, upon the installment basis, the amounts of cash actually received by them in those years from their interests in an oil and gas lease. Held, upon the facts that the petitioners are taxable in the years 1923 and 1924 upon the amounts of cash actually received by them and reported in their returns for those years. 2. Deductions for depletion allowances on the lease denied.
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1. The petitioners reported in their returns for the years 1921, 1922, 1923, and 1924, upon the installment basis, the amounts of cash actually received by them in those years from their interests in an oil and gas lease. Held, upon the facts that the petitioners are taxable in the years 1923 and 1924 upon the amounts of cash actually received by them and reported in their returns for those years. 2. Deductions for depletion allowances on the lease denied. H. C. Walker, Jr., et al.,6 B.T.A. 1142.
1Opinion of the Court
MRS. H. C. WALKER, JR., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
H. C. WALKER, JR., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
MRS. ELIAS GOLDSTEIN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
ELIAS GOLDSTEIN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Walker v. Commissioner
Docket Nos. 33331, 33332, 36117, 36118.
United States Board of Tax Appeals
23 B.T.A. 1; 1931 BTA LEXIS 1939;
May 1, 1931, Promulgated
1. The petitioners reported in their returns for the years 1921, 1922, 1923, and 1924, upon the installment basis, the…
2Cases cited7 opinions
- Houston Belt & Terminal Ry. Co. v. United StatesCourt of Appeals for the Fifth Circuit · 1918
- Blalock v. Georgia Ry. & Electric Co.Court of Appeals for the Fifth Circuit · 1917
- Rose v. GrantCourt of Appeals for the Fifth Circuit · 1930
- Alameda Inv. Co. v. McLaughlinCourt of Appeals for the Ninth Circuit · 1929
- Lucas v. St. Louis National Baseball ClubCourt of Appeals for the Eighth Circuit · 1930
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