Legal Opinion
Ortiz Oil Co. v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided March 14, 1939No. 8952PublishedCited by 18 opinions
1Opinion of the Court
McCORD, Circuit Judge.
The United States Board of Tax Appeals determined the petitioner’s income tax deficiency liability to be $16,856.10 for the year 1932. The appeal from the decision of the Board is brought to this court by petition for review.
The record discloses and the Board found these pertinent facts: In the year 1932 the petitioner, Ortiz Oil Company, was engaged in the business of producing oil and drilling oil wells. It owned a half interest in a certain oil lease, and proceeded to drill a well upon the lease under a turnkey agreement whereby the other joint owners paid the sum of…
2Cases cited10 opinions
- Palmer v. BenderSupreme Court of the United States · 1932
- Thomas v. PerkinsSupreme Court of the United States · 1937
- Helvering v. Twin Bell Oil SyndicateSupreme Court of the United States · 1934
- Commissioner of Internal Revenue v. FlemingCourt of Appeals for the Fifth Circuit · 1936
- Darby-Lynde Co. v. AlexanderCourt of Appeals for the Tenth Circuit · 1931
5 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Estate of H. H. Weinert, Deceased, Jane W. Blumberg, and Hilda B. Weinert v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1961
- United States v. W. H. CockeCourt of Appeals for the Fifth Circuit · 1968
- D. K. Caldwell v. Ellis Campbell, Jr., Former Collector of Internal RevenueCourt of Appeals for the Fifth Circuit · 1955
- Columbia Oil & Gas Co. v. Commissioner of Internal Rev.Court of Appeals for the Fifth Circuit · 1941
- Nordan v. CommissionerUnited States Tax Court · 1954
13 more not listed; retrieve them via the Exa API.