Meyers v. Commissioner
United States Tax Court
Held, sod is a "natural deposit," the proceeds from the sale of which are subject to an allowance for depletion under sec. 611(a), I.R.C. 1954.
1Opinion of the Court
John W. Meyers, Jr., and Lorna M. Meyers, Petitioners v. Commissioner of Internal Revenue, Respondent
Meyers v. Commissioner
Docket No. 7445-74
United States Tax Court
66 T.C. 235; 1976 U.S. Tax Ct. LEXIS 114;
May 10, 1976, Filed
Decision will be entered under Rule 155.
Held, sod is a "natural deposit," the proceeds from the sale of which are subject to an allowance for depletion under sec. 611(a), I.R.C. 1954.
Laurin W. Schutter and M. Wayne Davidson, for the petitioners.
John Wendell Paul, for the respondent.
Fay, Judge.
FAY
Respondent determined deficiencies in petitioners' Federal income tax and an…
2Cases cited8 opinions
- Parsons v. SmithSupreme Court of the United States · 1959
- Day v. CommissionerUnited States Tax Court · 1970
- Reich v. CommissionerUnited States Tax Court · 1969
- United States v. Marvin Shurbet Et Ux.Court of Appeals for the Fifth Circuit · 1965
- Arthur E. Reich v. Commissioner of Internal Revenue, George D. Rowan v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1972
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