Legal Opinion
First Nat. Bank v. United States
District Court, D. Colorado
Decided December 14, 1934No. 10333PublishedCited by 3 opinions
1Opinion of the Court
SYMES, District Judge,
The United States has demurred to plaintiff’s bill brought to recover income taxes and interest thereon, alleged to have been paid illegally by the plaintiff as trustee for the Cross Gas Company, for the taxable years 1931 and 1932.
On May 3, 1930', the Cross Gas Company, a Wyoming corporation, sold to the Ohio Oil Company certain oil interests and equipment on which a well was then being drilled, for $125,000 cash, and the further agreement that, if the well upon completion produced an excess of 224 barrels per day, the purchaser, the Ohio Company, would pay the Cross…
2Cases cited6 opinions
- Taylor Oil & Gas Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1931
- Hellebush v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1933
- White v. HornblowerCourt of Appeals for the First Circuit · 1928
- Busch v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1931
- Lansdowne Realty Trust v. Commissioner of Int. Rev.Court of Appeals for the First Circuit · 1931
1 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- First Nat. Bank of Greeley, Colo. v. United StatesCourt of Appeals for the Tenth Circuit · 1936
- Commissioner of Internal Revenue v. Allegheny Broadcasting CorpCourt of Appeals for the Third Circuit · 1950
- Clayton v. Southwestern Life Ins. Co.Court of Appeals of Texas · 1942