Repplier Coal Co. v. Commissioner
United States Tax Court
1. Allowances for the exhaustion, wear and tear of depreciable property during the taxable years determined. 2. Profits from the sale and rental of supplies furnished to petitioner's employees held not includible in "gross income from the property" for percentage depletion purposes; held, further, the total wages payable, without reduction by reason of amounts charged thereto for the supplies so furnished, must be deducted in computing "net income from the property" for the…
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1. Allowances for the exhaustion, wear and tear of depreciable property during the taxable years determined. 2. Profits from the sale and rental of supplies furnished to petitioner's employees held not includible in "gross income from the property" for percentage depletion purposes; held, further, the total wages payable, without reduction by reason of amounts charged thereto for the supplies so furnished, must be deducted in computing "net income from the property" for the purposes of the 50 per cent limitation upon percentage depletion. 3. Petitioner, having elected to take depletion upon…
1Opinion of the Court
Repplier Coal Company v. Commissioner.
Repplier Coal Co. v. Commissioner
Docket No. 105931.
United States Tax Court
1942 Tax Ct. Memo LEXIS 81; 1 T.C.M. (CCH) 141; T.C.M. (RIA) 42621;
November 24, 1942
1. Allowances for the exhaustion, wear and tear of depreciable property during the taxable years determined.
2. Profits from the sale and rental of supplies furnished to petitioner's employees held not includible in "gross income from the property" for percentage depletion purposes; held, further, the total wages payable, without reduction by reason of amounts charged thereto for the supplies so…
2Cases cited8 opinions
- McClintock & Irvine Co. v. Ætna Explosives Co.Supreme Court of Pennsylvania · 1918
- Shellar v. ShiversSupreme Court of Pennsylvania · 1895
- Radey v. McCurdySupreme Court of Pennsylvania · 1904
- Eimer & Amend v. CommissionerUnited States Board of Tax Appeals · 1925
- Kennedy Laundry Co. v. CommissionerUnited States Board of Tax Appeals · 1942
3 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Kennecott Copper Corporation v. The United StatesUnited States Court of Claims · 1965
- Alsted Coal Co. v. YokeCourt of Appeals for the Fourth Circuit · 1952