Legal Opinion

Grimes v. United States

Court of Appeals for the Ninth Circuit

Decided October 3, 1961No. 17129PublishedCited by 5 opinions

1Opinion of the Court

MERRILL, Circuit Judge.

Alleging overpayment, taxpayers Grimes and McCarrell have instituted this suit against the United States for recovery of 1953 income taxes paid by them.

Grimes and McCarrell, as partners, contracted with the owners of a deposit of bentonite to engage in the extraction of that material. The material so extracted was subsequently sold by the owners. Grimes and McCarrell realized a net profit from their extraction operations and claimed a percentage depletion allowance upon that profit.1

The district court rejected Grimes’ claim to depletion allowance upon the ground that he…

2Cases cited1 opinion

Parsons v. SmithSupreme Court of the United States · 1959

3Cited by5 opinions

Filtrol Corp. v. United StatesUnited States Court of Claims · 1973
Lloyd Corp. v. RiddellCourt of Appeals for the Ninth Circuit · 1965
Filtrol Corp. v. United StatesUnited States Court of Claims · 1973
Gordon K. Grimes, Individually and as Surviving Husband and of the Estate of Lillian M. Grimes, Deceased v. United States of America, United States of America v. C. A. McCarrellCourt of Appeals for the Ninth Circuit · 1961
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