Legal Opinion
United States v. W. R. Bonsal Company
Court of Appeals for the Fourth Circuit
Decided May 31, 1960No. 7992_1PublishedCited by 12 opinions
1Opinion of the Court
HAYNSWORTH, Circuit Judge.
The question is whether the tapayer’s product is quartzite, for which there is a depletion allowance of 15% for income tax purposes, or sand and gravel, for which the depletion rate is 5%. In an action for refund of income taxes for the fiscal year ended September 30, 1951, the District Court found that the material was quartzite and that the taxpayer was entitled to depletion at the rate of 15%.
In Anson County, North Carolina, there are unique, but extensive sedimentary beds of pebbles having the characteristics of quartzite. Elsewhere, quartzite is usually found in…
2Cases cited6 opinions
- Virginian Limestone Corp. v. CommissionerUnited States Tax Court · 1956
- South Jersey Sand Company v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1959
- Spencer Quarries, Inc. v. CommissionerUnited States Tax Court · 1956
- Commissioner of Internal Revenue v. Quartzite Stone CompanyCourt of Appeals for the Tenth Circuit · 1959
- United States v. The Wagner Quarries CompanyCourt of Appeals for the Sixth Circuit · 1958
1 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Standard Realization Company v. United StatesCourt of Appeals for the Seventh Circuit · 1961
- W. D. Haden Company v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1963
- G. & W. H. Corson, Inc. v. CommissionerUnited States Tax Court · 1970
- The Erie Stone Company v. United States of America, Toledo Stone & Glass Sand Company v. United StatesCourt of Appeals for the Sixth Circuit · 1962
- Harbison-Walker Refractories Co. v. United StatesDistrict Court, W.D. Pennsylvania · 1958
7 more not listed; retrieve them via the Exa API.