Legal Opinion
G. & W. H. Corson, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided November 22, 1971No. 19314, 19315PublishedCited by 5 opinions
1Opinion of the Court
OPINION OF THE COURT
2Per curiam
This appeal challenges a decision of the Tax Court that sustained the Commissioner’s determination of deficiencies in the appellant’s income taxes as returned for 1961, 1962 and 1963. The Tax Court held that dolomitic limestone, also called dolomite, mined by the taxpayer and used in certain products that it manufactures and sells qualifies under Section 613(b)(7) of the 1954 Internal Revenue Code for only a 5 percent depletion allowance rather than for a 15 percent allowance as claimed by the taxpayer in its returns.
The allowable depletion rate is determinable under the…
3Cases cited1 opinion
- G. & W. H. Corson, Inc. v. CommissionerUnited States Tax Court · 1970
4Cited by5 opinions
- C. J. Langenfelder & Son, Inc. v. CommissionerUnited States Tax Court · 1977
- Maryland Green Marble Corp. v. United StatesCourt of Appeals for the Fourth Circuit · 1975
- C. J. Langenfelder & Son, Inc. v. CommissionerUnited States Tax Court · 1977
- Maryland Green Marble Corporation v. United States of America, Royal Green Marble Company, Inc., a New Jersey Corporation, by Its Corporate Successor, General Stone and Materials Corporation, a Virginia Corporation v. United States of America, Stone Products Corporation v. United States of America, Royal Green Marble Company, Inc. v. United States of America, Southern Aggregates, Incorporated v. United StatesCourt of Appeals for the Fourth Circuit · 1975
- Reagan v. CommissionerUnited States Tax Court · 1973