Royal Collieries Co. v. Commissioner
United States Board of Tax Appeals
The lessee of coal lands is entitled under the Revenue Act of 1916 to the deduction of a reasonable allowance for exhaustion of leasehold based upon March 1, 1913, value or for depletion upon the same basis, either deduction being computed proportionately with the amount of coal mined in the taxable year.
1Opinion of the Court
Appeal of THE ROYAL COLLIERIES COMPANY.
Royal Collieries Co. v. Commissioner
Docket No. 233.
United States Board of Tax Appeals
1 B.T.A. 369; 1925 BTA LEXIS 2941;
January 27, 1925, decided Submitted November 25, 1924.
The lessee of coal lands is entitled under the Revenue Act of 1916 to the deduction of a reasonable allowance for exhaustion of leasehold based upon March 1, 1913, value or for depletion upon the same basis, either deduction being computed proportionately with the amount of coal mined in the taxable year.
James O. Tripp, Esq., for the taxpayer.
A. Calder Mackay, Esq. (Nelson T. Hartson,…
2Cases cited1 opinion
- Royal Collieries Co. v. CommissionerUnited States Board of Tax Appeals · 1925