Legal Opinion
Blackwell Oil & Gas Co. v. Commissioner of Internal Rev.
Court of Appeals for the Tenth Circuit
Decided July 5, 1932No. 585PublishedCited by 24 opinions
1Opinion of the Court
POLLOCK, District Judge.
This is a petition to review a decision of the Board of Tax A ppeals. The Commissioner disallowed two deductions claimed by the taxpayer, one for the year 1923 and the other for .1924, and assessed deficiencies. The Board of Tax Appeals sustained the ruling of the Commissioner.
The facts are:(1) On January 19, 1923, eighiy-six stockholders of the petitioner entered into an option agreement under which they gave one Guiberson an option to purchase their stock and agreed to pay J. E. Carr and J. M. McLeod a commission equal to 5 per cent, of the ¡uirehase price in the…
2Cases cited4 opinions
- Burnet v. HoustonSupreme Court of the United States · 1931
- Murphy Oil Co. v. BurnetCourt of Appeals for the Ninth Circuit · 1932
- Kendrick Coal & Dock Co. v. Com'r of Internal RevenueCourt of Appeals for the Eighth Circuit · 1928
- Prey Bros. Live Stock Commission Co. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1929
3Cited by24 opinions
- Industrial Aggregate Company, a Corporation v. United StatesCourt of Appeals for the Eighth Circuit · 1960
- Alexander Sprunt & Son v. Commissioner of Int. Rev.Court of Appeals for the Fourth Circuit · 1933
- A. Giurlani & Bro. v. Com'r of Int. Rev.Court of Appeals for the Ninth Circuit · 1941
- Farmer v. CommissionerCourt of Appeals for the Tenth Circuit · 1942
- Old Town Corp. v. CommissionerUnited States Tax Court · 1962
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