Legal Opinion
Exxon Corporation and Subsidiaries v. United States
Court of Appeals for the Federal Circuit
Decided September 17, 1996No. 95-5116PublishedCited by 8 opinions
1Opinion of the Court
CLEVENGER, Circuit Judge.
Invoking our jurisdiction under 28 U.S.C. § 1295(a)(3) (1994), Exxon Corporation and its subsidiaries (Exxon) appeals from the decision by the Court of Federal Claims in Exxon Corp. v. United States, 33 Fed.Cl. 250 (1995). In that decision, the court held that Exxon’s claimed depletion deduction was based on a legally insufficient representative price and, in any event, was unreasonable. As a result, the court rejected Exxon’s claimed deduction and affirmed the proportionate profits method employed by the Commissioner of the Internal Revenue Service (IRS) to calculate…
2Cases cited12 opinions
- South Corporation and Seal Fleet, Inc. v. The United StatesCourt of Appeals for the Federal Circuit · 1982
- John Hancock Mutual Life Insurance v. Harris Trust & Savings BankSupreme Court of the United States · 1993
- Johns-Manville Corporation and Johns-Manville Sales Corporation v. The United StatesCourt of Appeals for the Federal Circuit · 1988
- Commissioner v. Portland Cement Co. of UtahSupreme Court of the United States · 1981
- Trustees of Indiana University v. United StatesUnited States Court of Claims · 1980
7 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Dover Corp. v. Comm'rUnited States Tax Court · 2004
- Exxon Corp. v. United StatesUnited States Court of Federal Claims · 1999
- Exxon Mobil Corporation and Subsidiaries v. United States, Defendant-CrossCourt of Appeals for the Federal Circuit · 2001
- ATK Thiokol, Inc. v. United StatesUnited States Court of Federal Claims · 2005
- Exxon Corp. v. United StatesUnited States Court of Federal Claims · 1998
3 more not listed; retrieve them via the Exa API.