Estate of Arnett v. Commissioner
United States Tax Court
One of the decedents, who were husband and wife, brought suit in 1947 to quiet title and to obtain an accounting for profits against oil companies and individuals who were operating a mineral interest to which the decedent held title.
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One of the decedents, who were husband and wife, brought suit in 1947 to quiet title and to obtain an accounting for profits against oil companies and individuals who were operating a mineral interest to which the decedent held title. A District Court in 1948 in an interlocutory decree adjudged title to have been in the decedent, ordered an accounting of the defendants' profits, and appointed conservators to operate the interest until the litigation was terminated and judgment paid. The court also allowed the defendants to put in evidence of the innocence of their trespass. They were in a…
1Opinion of the Court
The Estate of Thomas E. Arnett, Deceased, Thomas H. Crawford, Jr., Administrator c. t. a. and Estate of Clara Belle Arnett, Deceased, Thomas H. Crawford, Jr., Administrator dbn, Petitioners, v. Commissioner of Internal Revenue, Respondent
Estate of Arnett v. Commissioner
Docket No. 58343
United States Tax Court
31 T.C. 320; 1958 U.S. Tax Ct. LEXIS 46; 9 Oil & Gas Rep. 979;
October 31, 1958, Filed
Decision will be entered under Rule 50.
One of the decedents, who were husband and wife, brought suit in 1947 to quiet title and to obtain an accounting for profits against oil companies and individuals who…
2Cases cited23 opinions
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Helvering v. Mountain Producers Corp.Supreme Court of the United States · 1938
- Kirby Petroleum Co. v. CommissionerSupreme Court of the United States · 1946
- Helvering v. Twin Bell Oil SyndicateSupreme Court of the United States · 1934
- Daniel S. W. Kelly v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1956
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