Legal Opinion
Cannelton Sewer Pipe Company v. United States
Court of Appeals for the Seventh Circuit
Decided June 15, 1959No. 12496_1PublishedCited by 21 opinions
1Opinion of the Court
HASTINGS, Circuit Judge.
Taxpayer, Cannelton Sewer Pipe Company, brought this suit in the district court for a refund of income tax paid in 1951. The sole question before us is what constitutes the proper basis for the computation of percentage depletion to which taxpayer is entitled. At all times relevant to this proceeding, taxpayer was engaged, near Cannelton, Indiana, in the mining of fire clay and shale and the manufacture of vitrified clay sewer pipe and related products. Under provisions of the Internal Revenue Code of 1939 1 taxpayer was permitted a percentage depletion on its fire…
2Cases cited10 opinions
- Alabama By-Products Corporation v. George D. Patterson, District Director of Internal RevenueCourt of Appeals for the Fifth Circuit · 1958
- United States v. Cherokee Brick & Tile CompanyCourt of Appeals for the Fifth Circuit · 1955
- Dragon Cement Company, Inc. v. United StatesCourt of Appeals for the First Circuit · 1957
- United States v. Merry Brothers Brick and Tile Company, United States of America v. Reliance Clay Products CompanyCourt of Appeals for the Fifth Circuit · 1957
- T. L. Townsend, Acting District Director of Internal Revenue v. The Hitchcock CorporationCourt of Appeals for the Fourth Circuit · 1956
5 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- United States v. Cannelton Sewer Pipe Co.Supreme Court of the United States · 1960
- North Carolina Granite Corp. v. CommissionerUnited States Tax Court · 1964
- Standard Realization Company v. United StatesCourt of Appeals for the Seventh Circuit · 1961
- Commissioner of Internal Revenue v. Iowa Limestone CompanyCourt of Appeals for the Eighth Circuit · 1959
- Commissioner of Internal Revenue v. Albin C. Halquist and Madeline E. HalquistCourt of Appeals for the Seventh Circuit · 1961
16 more not listed; retrieve them via the Exa API.