Legal Opinion
Lloyd Corp. v. Riddell
Court of Appeals for the Ninth Circuit
Decided June 21, 1965No. 19181PublishedCited by 2 opinions
1Opinion of the Court
MERRILL, Circuit Judge:
Appellant has brought this action for refund of a portion of corporate income tax for the years 1956 and 1957. The case arises out of a dispute as to the proper method of computing the depletion allowance to which appellant is entitled with respect to certain oil and gas properties. The Code sections and Regulations bearing on this dispute are set forth in the margin.1
*457During the years in question taxpayer had interests in two properties. As to one (which we shall designate as the “Lloyd property”), it owned an undivided one-half interest in the fee (the other half being…
2Cases cited3 opinions
- Badger Oil Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1941
- Grimes v. United StatesCourt of Appeals for the Ninth Circuit · 1961
- Lloyd Corp. v. RiddellDistrict Court, S.D. California · 1963
3Cited by2 opinions
- Ray R. Sence and Tod Oviatt, Trustees of the Ray R. & Grace I. Sence Trusts v. The United StatesUnited States Court of Claims · 1968
- Lloyd Corporation, Ltd., a Corporation v. R. A. Riddell, District Director of Internal Revenue, Los Angeles District, R. A. Riddell, District Director of Internal Revenue, Los Angeles District v. Lloyd Corporation, Ltd., a CorporationCourt of Appeals for the Ninth Circuit · 1965