Legal Opinion
Helvering v. Wilshire Oil Co.
Supreme Court of the United States
Decided December 11, 1939No. 1PublishedCited by 214 opinions
1Opinion of the CourtJustice Douglas
This case presents the question whether respondent, Wilshire Oil Company, Inc., in computing its net income for the years 1929 ’and 1930 for the purpose of applying the 50 per cent limitation on depletion allowance under § 114 (b) (3) of the Revenue Act of 1928 (45 Stat. 791), may refuse to take as deductions certain development expenditures, 1 where it has deducted those development expenditures in computing its taxable net income for those years. The Board of Tax Appeals held for the respondent (35 B. T. A. 450) and that decision was affirmed by the Circuit Court of Appeals, one judge…
2Cases cited6 opinions
- Morrissey v. CommissionerSupreme Court of the United States · 1935
- Helvering v. R. J. Reynolds Tobacco Co.Supreme Court of the United States · 1939
- United States v. Dakota-Montana Oil Co.Supreme Court of the United States · 1933
- Ambassador Petroleum Co. v. Commissioner of Int. Rev.Court of Appeals for the Ninth Circuit · 1936
- Commissioner of Internal Revenue v. Wilshire Oil Co.Court of Appeals for the Ninth Circuit · 1938
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3Cited by214 opinions
- Commissioner v. Glenshaw Glass Co.Supreme Court of the United States · 1955
- National Muffler Dealers Assn., Inc. v. United StatesSupreme Court of the United States · 1979
- Commissioner v. Portland Cement Co. of UtahSupreme Court of the United States · 1981
- Helvering v. ReynoldsSupreme Court of the United States · 1941
- Whitcomb Hotel, Inc. v. California Employment CommissionCalifornia Supreme Court · 1944
209 more not listed; retrieve them via the Exa API.