Legal Opinion
Mother Lode Coalition Mines Co. v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided February 5, 1942No. 47PublishedCited by 1 opinion
1Opinion of the Court
SWAN, Circuit Judge.
The question presented is whether the petitioner is entitled under section 114(b) (4) of the Revenue Act of 1934, 48 Stat. 710, 26 U.S.C.A.Int.Rev.Acts, page 702, to take a deduction in its 1935 return for percentage depletion upon its copper min*658ing property. Disallowance of the deduction resulted in the deficiency tax complained of. The Board has sustained the commissioner’s ruling.
The petitioner was the owner of a copper mine located in Alaska and was engaged in the business of mining and selling copper. Prior to 1932 a depletion allow anee in the case of metal mines had…
2Cases cited7 opinions
- Helvering v. R. J. Reynolds Tobacco Co.Supreme Court of the United States · 1939
- J. E. Riley Investment Co. v. CommissionerSupreme Court of the United States · 1940
- Scaife Co. v. CommissionerSupreme Court of the United States · 1941
- CH Mead Coal Co. v. Commissioner of Internal Rev.Court of Appeals for the Fourth Circuit · 1939
- Kehoe-Berge Coal Co. v. CommissionerCourt of Appeals for the Third Circuit · 1941
2 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Mother Lode Coalition Mines Co. v. CommissionerSupreme Court of the United States · 1942