Chicago Mines Co. v. Commissioner

HUXMAN, Circuit Judge.

These three appeals seek a review of the decisions of the Tax Court with respect to income taxes of the petitioners. A common question in these appeals is whether petitioners were entitled to the allowance of deduction of income for depletion in connection with the processing of low-grade ore in a dump. The dump in question resulted from mining operations in the Amerincan, Fraction, Huron and Ibex lode mining claims. These claims were contiguous and were collectively known as the American Mine. London Extension Mining Company, herein referred to as London, owned an…