Legal Opinion
Ohio Valley Rock Asphalt Co. v. Helvering
Court of Appeals for the D.C. Circuit
Decided December 27, 1937No. Nos. 6452, 6453PublishedCited by 3 opinions
1Opinion of the CourtGroner, J.
These are appeals from decisions of the Board of Tax Appeals involving deficiencies in income taxes for the calendar years 1925 and 1929 in the respective amounts of $2,-342.61 and’$5,477.06. Petitioner is a Kentucky corporation, organized in 1922 to take over certain leases of land's permitting the removal therefrom of rock asphalt, which it crushed and sold for use in street work, etc. Petitioner claimed deductions for depletion in the years in question but the Commissioner denied the claim, and the Board affirmed.
The leases had been accumulated by three individuals, F. D. Wood, W. H.…
2Cases cited2 opinions
- Helvering v. TaylorSupreme Court of the United States · 1935
- United States v. LudeySupreme Court of the United States · 1927
3Cited by3 opinions
- Knight Newspapers v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1944
- Charles A. Polizzi v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1957
- Dave Rubin and Jennie Feldman Rubin v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1958