E. A. Landreth Co. v. Commissioner
United States Board of Tax Appeals
1. Where one purchased an oil and gas lease and certain water rights and was unable financially to pay the purchase prices and develop the property, and where he from time to time solicited and received assistance from others, and where such others so contributing had no voice in the selection of contributors, and where such properties were managed by the purchaser in whose name the legal title was vested, held, that such an enterprise was a joint adventure. 2. Where…
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1. Where one purchased an oil and gas lease and certain water rights and was unable financially to pay the purchase prices and develop the property, and where he from time to time solicited and received assistance from others, and where such others so contributing had no voice in the selection of contributors, and where such properties were managed by the purchaser in whose name the legal title was vested, held, that such an enterprise was a joint adventure. 2. Where individuals associated themselves together for the purpose of transacting business under corporate forms and methods, held,…
1Opinion of the Court
*15OPINION.
Milliken:
Respondent has determined that from the date of the purchase of the Hale lease in April, 1920, petitioner was taxable as a corporation as that term is defined in section 1 of the Revenue Act of 1918, and section 2 of the Revenue Act of 1921. These sections provide that “ The term ‘ corporation ’ includes associations, joint stock companies, and insurance companies.” It remains to apply this definition to the facts as found.
Up to September 8, 1920, the date the deed of trust was executed, the contributors to the fund which was held and managed by E. A. Landreth had entered…
2Cases cited19 opinions
- Hecht v. MalleySupreme Court of the United States · 1924
- Burk-Waggoner Oil Assn. v. HopkinsSupreme Court of the United States · 1925
- Zonne v. Minneapolis SyndicateSupreme Court of the United States · 1911
- Crocker v. MalleySupreme Court of the United States · 1919
- Williams v. Inhabitants of MiltonMassachusetts Supreme Judicial Court · 1913
14 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Monrovia Oil Co. v. CommissionerUnited States Board of Tax Appeals · 1933
- Commercial Trust Co. v. CommissionerUnited States Board of Tax Appeals · 1930
- Dauphin Deposit Trust Co. v. CommissionerUnited States Board of Tax Appeals · 1931
- E. A. Landreth Co. v. CommissionerUnited States Board of Tax Appeals · 1929
- E. A. Landreth Co. v. CommissionerUnited States Board of Tax Appeals · 1928
3 more not listed; retrieve them via the Exa API.