Legal Opinion
The Shamrock Oil & Gas Corporation v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided July 9, 1965No. 21067_1PublishedCited by 29 opinions
1Opinion of the Court
HUTCHESON, Circuit Judge.
The petitioner here seeks reversal of two Tax Court decisions. The first determines petitioner’s “gross income from the property” for the purposes of computing its depletion allowance for the fiscal years 1943 through 1954 with respect to natural gas produced by the petitioner and in which it owned an economic interest. The second concerns the tax treatment in the hands of petitioner of cash bonuses or initial payments paid by it for the original acquisition or assignment of oil and gas leases to lessors or assignors who retained an economic interest in the property…
2Cases cited11 opinions
- Burton-Sutton Oil Co. v. CommissionerSupreme Court of the United States · 1946
- United States v. Cannelton Sewer Pipe Co.Supreme Court of the United States · 1960
- 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
- Sunray Oil Co. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1945
- Shamrock Oil & Gas Corp. v. CommissionerUnited States Tax Court · 1961
6 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- Chevron U.S.A., Inc. v. StateWyoming Supreme Court · 1996
- Exxon Corp. v. CommissionerUnited States Tax Court · 1994
- Panhandle Eastern Pipe Line Co. v. The United StatesUnited States Court of Claims · 1969
- Hugoton Production Company v. The United StatesUnited States Court of Claims · 1965
- Mountain Fuel Supply Company v. United StatesCourt of Appeals for the Tenth Circuit · 1971
24 more not listed; retrieve them via the Exa API.