Hobart Iron Co. v. Commissioner
United States Board of Tax Appeals
A corporation which derives income from mining operations conducted under a sublease on land which was directly leased by the State of Minnesota to two individuals, the land being a portion of the property held in trust by the State of Minnesota for its state university, is liable to income tax upon the income derived from such mining operations.
1Opinion of the Court
HOBART IRON COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Hobart Iron Co. v. Commissioner
Docket No. 33413.
United States Board of Tax Appeals
29 B.T.A. 855; 1934 BTA LEXIS 1468;
January 23, 1934, Promulgated
A corporation which derives income from mining operations conducted under a sublease on land which was directly leased by the State of Minnesota to two individuals, the land being a portion of the property held in trust by the State of Minnesota for its state university, is liable to income tax upon the income derived from such mining operations.
Ellsworth C. Alvord,…
2Cases cited14 opinions
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