Legal Opinion

C. W. Titus, Inc. v. Commissioner

United States Board of Tax Appeals

Decided January 17, 1936No. Docket No. 42268PublishedCited by 17 opinions

1Opinion of the Court

SUPPLEMENTAL OPINION.

Trammell :

This case has been reconsidered in so far as it relates to the taxable gain for 1926 derived from the sale of oil and gas leases in that year. After reconsideration we think that we were in error.

The petitioner entered into a contract in writing with the Tidal Oil Co. on February 27, 1926, the pertinent portions of which are as follows:

Therefore, for and in consideration of tile sum of one dollar ($1.00) and other good and valuable considerations in hand paid by second party, (Tidal Oil Oo.) the receipt whereof is hereby acknowledged by first party, and the…

2Cases cited2 opinions

Burnet v. LoganSupreme Court of the United States · 1931
Burnet v. S. & L. Building Corp.Supreme Court of the United States · 1933

3Cited by17 opinions

United States Mineral Products Co. v. CommissionerUnited States Tax Court · 1969
Cowden v. CommissionerCourt of Appeals for the Fifth Circuit · 1961
Cowden v. CommissionerUnited States Tax Court · 1959
The Denver & Rio Grande Western Railroad Company, a Corporation v. The United StatesUnited States Court of Claims · 1963
McCullough Tool Co. v. CommissionerUnited States Tax Court · 1960

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