Legal Opinion
M-B-K Drilling Co., Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided February 12, 1952No. 4354_1PublishedCited by 8 opinions
1Opinion of the Court
PHILLIPS, Chief Judge.
This is a petition to review a decision of the Tax Court. It involves income tax liability of the M-B-K Drilling Co., Inc., 1 for the fiscal year ending June 30, 1946.
On June 10, 1939, York & Harper, Inc., 2 and The Sloan & Zook Company 3 were owners of certain oil and gas leases -situated in Ector County, Texas. On that date Sloan & Zook entered into a contract with York & Harper by which the latter agreed to develop and operate such leases.
On June 20, 1939, York & Harper entered into a contract with the Drilling Company, whereby the latter agreed to drill certain wells…
2Cases cited3 opinions
- Burton-Sutton Oil Co. v. CommissionerSupreme Court of the United States · 1946
- Hort v. CommissionerSupreme Court of the United States · 1941
- Thomas v. PerkinsSupreme Court of the United States · 1937
3Cited by8 opinions
- Commissioner of Internal Revenue v. The Mammoth Coal CompanyCourt of Appeals for the Third Circuit · 1956
- Big Chief Drilling Co. v. CommissionerCourt of Appeals for the Tenth Circuit · 1952
- Big Chief Drilling Company v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1952
- Commissioner of Internal Revenue v. The Mammoth Coal CompanyCourt of Appeals for the Third Circuit · 1956
- Kerr-McGee Oil Industries, Inc. v. CommissionerCourt of Appeals for the Tenth Circuit · 1952
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