Pan-American Life Ins. Co. v. Commissioner
United States Tax Court
Royalties on oil and gas leases held not "rents" within the meaning of section 201 (c) (1), Internal Revenue Code of 1939, and hence not includible in the income of petitioner, a life insurance company. Campbell v. Great National Life Insurance Company, (C. A. 5, 1955) 219 F. 2d 693, followed.
1Opinion of the Court
Pan-American Life Insurance Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Pan-American Life Ins. Co. v. Commissioner
Docket Nos. 30070, 35319
United States Tax Court
24 T.C. 901; 1955 U.S. Tax Ct. LEXIS 118; 4 Oil & Gas Rep. 1662;
August 12, 1955, Filed
Decisions will be entered under Rule 50.
Royalties on oil and gas leases held not "rents" within the meaning of section 201 (c) (1), Internal Revenue Code of 1939, and hence not includible in the income of petitioner, a life insurance company. Campbell v. Great National Life Insurance Company, (C. A. 5, 1955) 219 F. 2d 693,…
2Cases cited4 opinions
- Burnet v. HarmelSupreme Court of the United States · 1932
- Ellis Campbell, Jr., Director of Internal Revenue for the Second Collection District of Texas v. Great National Life Insurance CompanyCourt of Appeals for the Second Circuit · 1955
- Great Nat. Life Ins. v. CampbellDistrict Court, N.D. Texas · 1953
- Pan-American Life Ins. Co. v. CommissionerUnited States Tax Court · 1955