Legal Opinion
Commissioner of Internal Revenue v. Claude C. Wood Company
Court of Appeals for the Ninth Circuit
Decided July 30, 1963No. 18224_1PublishedCited by 2 opinions
1Opinion of the Court
JERTBERG, Circuit Judge.
Before us is a petition by the Commissioner of Internal Revenue to review a decision of the Tax Court of the United States holding that the taxpayer is entitled to deduct, in his 1958 income tax return, a percentáge depletion on rock, sand and gravel which he had removed from property which had previously been dredge-mined for gold by another party.
The following summary of facts is taken mainly from the petitioner’s opening brief to which taxpayer offers no serious dissent.
The taxpayer, a California corporation, operates a rock, sand and gravel business. In 1958, the…
2Cases cited8 opinions
- United States v. United States Gypsum Co.Supreme Court of the United States · 1948
- Atlas Milling Co. v. JonesCourt of Appeals for the Tenth Circuit · 1940
- Chicago Mines Co. v. CommissionerCourt of Appeals for the Tenth Circuit · 1947
- Consolidated Chollar Gould & Savage Min. Co. v. CommissionerCourt of Appeals for the Ninth Circuit · 1943
- Kohinoor Coal Co. v. CommissionerCourt of Appeals for the Third Circuit · 1948
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3Cited by2 opinions
- Brenden v. Independent School District 742District Court, D. Minnesota · 1972
- Commissioner of Internal Revenue v. Claude C. Wood CompanyCourt of Appeals for the Ninth Circuit · 1963