Legal Opinion
Simons Brick Co. v. Commissioner
Court of Appeals for the Ninth Circuit
Decided November 24, 1930No. 6082PublishedCited by 4 opinions
1Opinion of the Court
KERRIGAN, District Judge.
Petitioner is a California, corporation engaged in the business of manufacturing brick aud tile. Prior to March 3, 1933, the corporation had acquired four tracts of clay land. The present controversy relates solely to tho proper rate at which the allowance for depletion of these lands shall be computed. Tho Board of Tax Appeals determined that a reasonable allowance for depletion was $.0144 peí- ton. The petitioner claims a rate of $.14.
Tho applicable statute is section 234(a) (9), Revenue Acts of 1938 and 1921 (40 Slat. 1077 and 42 Stat. 254), which provides:
“Sec.…
2Cases cited3 opinions
- Bedell v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1929
- Heiner v. CrosbyCourt of Appeals for the Third Circuit · 1928
- Royal Packing Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1927
3Cited by4 opinions
- International Artists, Ltd. v. CommissionerUnited States Tax Court · 1970
- Tumwater Lumber Mills Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1933
- International Artists, Ltd. v. CommissionerUnited States Tax Court · 1970
- Seas Shipping Co. v. CommissionerUnited States Tax Court · 1965