Laird v. Commissioner of Internal Revenue
Opinion
*731 FOSTER, Circuit Judge.
The question presented for decision in this case is whether petitioner, who had executed an oil and gas lease for a consideration paid partly in cash and to he paid partly out of oil to be produced from the lease, but without retaining a royalty interest, was entitled to depletion on the cash received The Board decided that petitioner was not entitled to claim depletion on the cash payment. We may refer to the opinion of the Board for the facts in detail without repeating them. See 35 B.T.A. 75 . On the authority of Commissioner v. Fleming, 5 Cir., 82 F.2d 324 ; Blankenship v. United States, 5 Cir., 95 F.2d 507 ; Helvering v. O’Donnell, 58 S.Ct. 619 , 82 L.Ed. -; and Helvering v. Elbe Oil Land Development Co., 58 S.Ct. 621 , 82 L.Ed. -, the decision of the Board is Affirmed.
How later courts describe this case
No later court has written an explanatory parenthetical about this case yet.
Cited by 4 cases
View all citing references →Relies on it most ⓘ
Citing references are not a citator: they show that a later opinion cites this case, not whether it followed, distinguished, or overruled it. Check negative history before relying on this case.