Legal Opinion
Ranchers Exploration and Development Corporation v. United States
Court of Appeals for the Tenth Circuit
Decided November 21, 1980No. 78-1789PublishedCited by 5 opinions
1Opinion of the Court
LOGAN, Circuit Judge.
This is an appeal by the United States from a district court judgment granting Ranchers Exploration and Development Corporation (Ranchers), the operator of an open pit copper mine, a substantial tax refund. The government appeals only from the trial court’s conclusion that the solvent extraction and electrowinning processes employed by Ranchers in producing copper during the tax years at issue are mining processes under § 613(c) of the Internal Revenue Code (I.R.C.), 26 U.S.C. § 613. Subject to certain limitations, the Code allows as a deduction for depletion 15% of the…
2Cases cited3 opinions
- Barton Mines Corporation, and Cross-Appellee v. Commissioner of Internal Revenue, and Cross-AppellantCourt of Appeals for the Second Circuit · 1971
- Barton Mines Corp. v. CommissionerUnited States Tax Court · 1969
- Riddell v. California Portland Cement Co.Court of Appeals for the Ninth Circuit · 1962
3Cited by5 opinions
- Ideal Basic Industries, Inc. v. CommissionerUnited States Tax Court · 1984
- Sunshine Mining Company v. United StatesCourt of Appeals for the Ninth Circuit · 1987
- McClelland v. CommissionerUnited States Tax Court · 1984
- Ideal Basic Industries, Inc. v. CommissionerUnited States Tax Court · 1984
- McClelland v. CommissionerUnited States Tax Court · 1984