Philadelphia Quartz Co. v. Commissioner
United States Board of Tax Appeals
1. Basis for adjusting depletion determined. Thomas Coal Co.,10 B.T.A. 639, overruled. 2. Depletion of sand deposit and depreciation of equipment determined.
1Opinion of the Court
PHILADELPHIA QUARTZ CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Philadelphia Quartz Co. v. Commissioner
Docket No. 6677.
United States Board of Tax Appeals
13 B.T.A. 1146; 1928 BTA LEXIS 3104;
October 18, 1928, Promulgated
1. Basis for adjusting depletion determined. Thomas Coal Co.,10 B.T.A. 639, overruled.
2. Depletion of sand deposit and depreciation of equipment determined.
J. S. Lamson, Esq., and Fred D. Bullock, C.P.A., for the petitioner.
T. M. Mather, Esq., for the respondent.
VAN FOSSAN
In this proceeding the petitioner seeks a redetermination of the income and profits…
2Cases cited4 opinions
- Sterling Coal Co. v. CommissionerUnited States Board of Tax Appeals · 1927
- Philadelphia Quartz Co. v. CommissionerUnited States Board of Tax Appeals · 1928
- Kehota Mining Co. v. CommissionerUnited States Board of Tax Appeals · 1926
- Thomas Coal Co. v. CommissionerUnited States Board of Tax Appeals · 1928