Legal Opinion
Louisiana Land & Exp. Co. v. Commissioner of Int. Rev.
Court of Appeals for the Fifth Circuit
Decided May 19, 1947No. 11878PublishedCited by 69 opinions
1Opinion of the Court
LEE, Circuit Judge.
This case involves income taxes for the calendar years 1941 and 1942. We shall treat the question arising from the 1941 and that from the 1942 taxes separately since they are not interrelated.
The 1941 tax issue: In 1928, the taxpayer entered into an oil and gas lease on the Paradis Oil Field with The Texas Company. In 1939, the taxpayer sued the Mc-Enery heirs to quiet title against their adverse claims to these lands. In January, 1940, The Texas Company obtained an oil and gas lease from the McEnery heirs for $25,000 in cash. In the same year, the taxpayer reimbursed The…
2Cases cited12 opinions
- JONES'ESTATE v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1942
- Louisiana Land & Exploration Co. v. CommissionerUnited States Tax Court · 1946
- Rhodes v. CommissionerCourt of Appeals for the Sixth Circuit · 1939
- Commissioner of Internal Revenue v. McCarthyCourt of Appeals for the Seventh Circuit · 1942
- Harmon v. CommissionerUnited States Tax Court · 1942
7 more not listed; retrieve them via the Exa API.
3Cited by69 opinions
- Brountas v. CommissionerUnited States Tax Court · 1979
- Cagle v. CommissionerUnited States Tax Court · 1974
- Edward R. Godfrey and Georgia G. Godfrey v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1964
- Southern Natural Gas Company v. The United StatesUnited States Court of Claims · 1969
- Bayou Verret Land Co. v. CommissionerCourt of Appeals for the Fifth Circuit · 1971
64 more not listed; retrieve them via the Exa API.