Legal Opinion
J. E. Riley Inv. Co. v. Commissioner
Court of Appeals for the Ninth Circuit
Decided March 16, 1940No. 9234PublishedCited by 17 opinions
1Opinion of the Court
HEALY, Circuit Judge.
The case is here on petition to review a decision of the Board of Tax Appeals. It involves the construction of a provision of §114 (b) (4) of the Revenue Act of 1934, 26 U.S.C.A. Int.Rev.Acts.
That act (§ 23 (m), 26 U.S.C.A. Int.Rev. Acts, provides that in computing net income there shall be allowed as deductions in the case of mines and other natural deposits a reasonable allowance for depletion, according to the peculiar conditions in each case. Section 114 (b) (4) allows a depletion of 15% in the case of metal mines, subject to the condition that the taxpayer shall…
2Cases cited9 opinions
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Haggar Co. v. Helvering, Com'r of Internal RevenueSupreme Court of the United States · 1940
- Pacific National Co. v. WelchSupreme Court of the United States · 1938
- Helvering v. Independent Life InsuranceSupreme Court of the United States · 1934
- Rose v. GrantCourt of Appeals for the Fifth Circuit · 1930
4 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- J. E. Riley Investment Co. v. CommissionerSupreme Court of the United States · 1940
- Frentz v. CommissionerUnited States Tax Court · 1965
- Pestcoe v. CommissionerUnited States Tax Court · 1963
- Thorrez v. CommissionerUnited States Tax Court · 1958
- Boone County Coal Corp. v. United StatesCourt of Appeals for the Fourth Circuit · 1941
12 more not listed; retrieve them via the Exa API.