1. Home
  2. Browse Decisions
  3. U.S.
  4. 303 U.S.
  5. 303 U.S. 372 (1938)
 

HELVERING v. ELBE OIL LAND CO.

No. 446.

303 U.S. 372 (1938)

58 S.Ct. 621

82 L.Ed. 904

HELVERING, COMMISSIONER OF INTERNAL REVENUE, v. ELBE OIL LAND DEVELOPMENT 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 and Ellis N. Slack were on the brief, for petitioner.

Mr. George T. Altman for respondent.

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

The question is whether certain payments received by respondent in the years 1928 and 1929 constituted "gross income from the property," within the meaning of that phrase as used in relation to oil and gas wells in § 114 (b) (3) of the Revenue Act of 1928, so as to entitle respondent to the prescribed depletion allowance. The Circuit Court of Appeals, reversing...

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