Legal Opinion
United States v. Marvin Shurbet Et Ux.
Court of Appeals for the Fifth Circuit
Decided June 7, 1965No. 20972_1PublishedCited by 14 opinions
1Opinion of the Court
RIVES, Circuit Judge.
The question presented is whether, on their income tax returns for the year 1959, the taxpayers are entitled to a cost depletion deduction for the exhaustion of their capital investment in the ground water extracted and disposed of by them in their business of irrigation farming. We affirm the judgment of the district court which answered that question in the affirmative.
The case was carefully and elaborately tried as a test case for the irrigation farmers in the Southern High Plains of Texas and New Mexico. It comes to this Court on a printed record of more than 1700…
2Cases cited6 opinions
- United States v. Cannelton Sewer Pipe Co.Supreme Court of the United States · 1960
- Houston & Texas Central Railroad v. EastTexas Supreme Court · 1904
- United States v. Henderson Clay ProductsCourt of Appeals for the Fifth Circuit · 1963
- United States v. Longhorn Portland Cement CompanyCourt of Appeals for the Fifth Circuit · 1964
- Flona Corporation v. United StatesDistrict Court, S.D. Florida · 1963
1 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Friendswood Development Co. v. Smith-Southwest Industries, Inc.Texas Supreme Court · 1978
- Day v. CommissionerUnited States Tax Court · 1970
- United States v. Georgia Railroad and Banking CompanyCourt of Appeals for the Fifth Circuit · 1965
- Victory Sand & Concrete, Inc. v. CommissionerUnited States Tax Court · 1974
- A. Duda & Sons, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1977
9 more not listed; retrieve them via the Exa API.