Legal Opinion
Burnet v. North American Oil Consolidated
Court of Appeals for the Ninth Circuit
Decided September 14, 1931No. 6315PublishedCited by 4 opinions
1Opinion of the Court
WILBUR, Circuit Judge.
Petitioner seeks to review a decision of the Board of Tax Appeals with relation to a deficiency tax of respondent for income and profit taxes for the year 1917. The sole ques•tion involved is whether or not the sum of $171,972.20 derived from the sale of oil produced on section 2 during the year 1916, impounded in {he hands of a receiver appointed by the federal court for that purpose, and retained by him until 1917, when under order of court it was turned over to the respondent, was taxable as income for the year 1917. The land which produced this oil was government…
2Cases cited18 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
- Eisner, Internal Revenue Collector v. MacOmberSupreme Court of the United States · 1919
- Maryland Casualty Co. v. United StatesSupreme Court of the United States · 1920
13 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Commissioner of Internal Revenue v. Liberty Bank & Trust Co.Court of Appeals for the Sixth Circuit · 1932
- Commissioner of Internal Revenue v. Alamitos Land Co.Court of Appeals for the Ninth Circuit · 1940
- In Re Owl Drug Co.District Court, D. Nevada · 1937
- Commissioner of Internal Revenue v. Liberty Bank & Trust Co.Court of Appeals for the Sixth Circuit · 1932