Ledanois Land & Stone Co. v. Commissioner
United States Tax Court
The petitioner, since its incorporation in 1907, has attempted to lease its land for mineral extraction. In 1917 it leased its property for oil development; in 1925 it tried to interest persons in developing its salt deposits; in 1932 it leased part of its property for limestone extraction; in 1937 it leased for oil development; and in 1941 it again leased for oil development.
Read the full summary
The petitioner, since its incorporation in 1907, has attempted to lease its land for mineral extraction. In 1917 it leased its property for oil development; in 1925 it tried to interest persons in developing its salt deposits; in 1932 it leased part of its property for limestone extraction; in 1937 it leased for oil development; and in 1941 it again leased for oil development. Held, petitioner did not change the character of its business during or immediately prior to the base period nor was it committed to a course of action consummated subsequent thereto which resulted in any change in its…
1Opinion of the Court
LeDanois Land & Stone Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Ledanois Land & Stone Co. v. Commissioner
Docket No. 27757
United States Tax Court
27 T.C. 803; 1957 U.S. Tax Ct. LEXIS 260;
February 21, 1957, Filed
Decision will be entered for the respondent.
The petitioner, since its incorporation in 1907, has attempted to lease its land for mineral extraction. In 1917 it leased its property for oil development; in 1925 it tried to interest persons in developing its salt deposits; in 1932 it leased part of its property for limestone extraction; in 1937 it leased for oil…
2Cases cited11 opinions
- Avey Drilling Machine Co. v. CommissionerUnited States Tax Court · 1951
- Granite Constr. Co. v. CommissionerUnited States Tax Court · 1952
- National Grinding Wheel Co. v. CommissionerUnited States Tax Court · 1947
- Farmers Creamery Co. v. CommissionerUnited States Tax Court · 1952
- Clermont Groves, Inc. v. CommissionerUnited States Tax Court · 1952
6 more not listed; retrieve them via the Exa API.