Legal Opinion
Commissioner of Internal Revenue v. Wilshire Oil Co.
Court of Appeals for the Ninth Circuit
Decided April 1, 1938No. 8656PublishedCited by 14 opinions
1Opinion of the Court
DENMAN, Circuit Judge.
This is a petition by the Commissioner of Internal Revenue to review a decision of the Board of Tax Appeals which revised adversely to the Commissioner his determination of income tax deficiencies for the years 1929 and 1930.
The taxpayer is a California corporation engaged in producing petroleum products from oil and gas leases in Southern California.
Pursuant to section 23 of the Revenue Act of 1928, 26 U.S.C.A. § 23 and note, the taxpayer in its returns for the years in question deducted from its gross income an allowance for depletion on its oil and gas wells. The…
2Cases cited7 opinions
- Iselin v. United StatesSupreme Court of the United States · 1926
- Helvering v. New York Trust Co.Supreme Court of the United States · 1934
- Helvering v. Mountain Producers Corp.Supreme Court of the United States · 1938
- Biddle v. CommissionerSupreme Court of the United States · 1938
- Penn Mutual Life Insurance v. LedererSupreme Court of the United States · 1920
2 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Helvering v. Wilshire Oil Co.Supreme Court of the United States · 1939
- Latham Park Manor, Inc. v. CommissionerUnited States Tax Court · 1977
- Ludwig v. CommissionerUnited States Tax Court · 1977
- Santa Monica Mountain Park Co. v. United StatesCourt of Appeals for the Ninth Circuit · 1938
- Fegan v. CommissionerUnited States Tax Court · 1979
9 more not listed; retrieve them via the Exa API.