Legal Opinion
Lloyd Corp. v. Riddell
District Court, S.D. California
Decided October 9, 1963No. Civ. No. 62-1296PublishedCited by 2 opinions
1Opinion of the Court
BYRNE, District Judge.
Plaintiff, Lloyd Corporation, Ltd., brought this action against R. A. Riddell, District Director of Internal Revenue, Los Angeles District, to recover a portion of the federal income taxes paid by plaintiff for the calendar years 1956 and 1957.
The dispute involves determination of the depletion allowance for certain oil and gas properties, and arose in the manner described below.
Prior to September, 1933, plaintiff and South Basin Oil Company (hereinafter referred to as South Basin) had each acquired an undivided one-half fee simple interest in a 2,794.62 acre parcel of…
2Cases cited31 opinions
- Palmer v. BenderSupreme Court of the United States · 1932
- Commissioner v. Southwest Exploration Co.Supreme Court of the United States · 1956
- Helvering v. Bankline Oil Co.Supreme Court of the United States · 1938
- Mobley v. HarkinsWashington Supreme Court · 1942
- Berkshire Oil Co. v. CommissionerUnited States Tax Court · 1947
26 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Lloyd Corp. v. RiddellCourt of Appeals for the Ninth Circuit · 1965
- 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