Legal Opinion
Laster v. COMMISSIONER OF INTERNAL REVENUE
Court of Appeals for the Fifth Circuit
Decided April 17, 1942No. 10028, 10029PublishedCited by 16 opinions
1Opinion of the Court
HUTCHESON, Circuit Judge.
Appealing from an opinion 1 and order of the board, taxpayers present three Ernes for decision. The first of these, whether taxpayers may deduct as intangible drilling and development costs, amounts paid to drilling contractors in connection with drilling and equipping oil wells, presents as to part of the wells identically, and as to the rest of them, substantially, the same facts, and is to be determined on substantially the same considerations as those in the Retsal case, 2 this day decided in favor of the taxpayer. Though, therefore, the taxpayers are insisting…
2Cases cited4 opinions
- Lee v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1942
- Commissioner of Internal Revenue v. AmbroseCourt of Appeals for the Fifth Circuit · 1942
- Laster v. CommissionerUnited States Board of Tax Appeals · 1940
- Retsal Drilling Co. v. CommissionerCourt of Appeals for the Fifth Circuit · 1942
3Cited by16 opinions
- Estate of H. H. Weinert, Deceased, Jane W. Blumberg, and Hilda B. Weinert v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1961
- Huber Homes, Inc. v. CommissionerUnited States Tax Court · 1971
- William H. Zuhone, Jr. And Audra M. Zuhone v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1989
- Mills Estate, Inc. v. Commissioner of Internal Revenue. Commissioner of Internal Revenue v. Mills Estate, IncCourt of Appeals for the Second Circuit · 1953
- Gravois Planing Mill Company, Charles A. And Florence Beckemeier v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1962
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