1. Home
  2. Browse Decisions
  3. U.S.
  4. 303 U.S.
  5. 303 U.S. 362 (1938)
 

HELVERING v. BANKLINE OIL CO.

No. 387.

303 U.S. 362 (1938)

58 S.Ct. 616

82 L.Ed. 897

HELVERING, COMMISSIONER OF INTERNAL REVENUE, v. BANKLINE OIL CO.

Supreme Court of United States.

Decided March 7, 1938.

Attorney(s) appearing for the Case

Assistant Solicitor General Bell, with whom Solicitor General Reed, Assistant Attorney General Morris, and Messrs. Sewall Key, A.F. Prescott, and Warner W. Gardner were on the briefs, for the Commissioner.

Mr. Martin J. Weil, with whom Mr. A.L. Weil was on the briefs, for the Bankline Oil Company.

MR. CHIEF JUSTICE HUGHES delivered the opinion of the Court.

No. 387. — This case presents the question whether respondent, the Bankline Oil Company, is entitled to an allowance for depletion with respect to gas produced from certain oil and gas wells. The ruling of the Board of Tax Appeals that the taxpayer had no depletable interest (33 B.T.A. 910) was reversed by the Circuit Court of Appeals. 90 F.2d 899. Because...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases