Bear Canon Coal Co. v. Commissioner
United States Board of Tax Appeals
INCOME - EXEMPTION. - Petitioner's income derived from the sale of coal mined by it from school lands owned by the State of Colorado and leased by petitioner for coal-mining purposes, held, not exempt from Federal income and profits taxes, under authority of Coronado Oil & Gas Co.,14 B.T.A. 1214.
1Opinion of the Court
BEAR CANON COAL CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Bear Canon Coal Co. v. Commissioner
Docket No. 9502.
United States Board of Tax Appeals
14 B.T.A. 1240; 1929 BTA LEXIS 2965;
January 14, 1929, Promulgated
INCOME - EXEMPTION. - Petitioner's income derived from the sale of coal mined by it from school lands owned by the State of Colorado and leased by petitioner for coal-mining purposes, held, not exempt from Federal income and profits taxes, under authority of Coronado Oil & Gas Co.,14 B.T.A. 1214.
James E. Witten, Esq., for the petitioner.
Granville S. Borden, Esq.,…
2Cases cited3 opinions
- Coronado Oil & Gas Co. v. CommissionerUnited States Board of Tax Appeals · 1929
- Good ex rel. McBrien v. SleethMissouri Court of Appeals · 1913
- Bear Canon Coal Co. v. CommissionerUnited States Board of Tax Appeals · 1929