1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 15 T.C.M.
  5. 15 T.C.M. 1444 (1956)
 

UNITED MERCURY MINES COMPANY v. COMMISSIONER

Docket No. 57500.

15 T.C.M. 1444 (1956)

T.C. Memo. 1956-277

United Mercury Mines Company, a Corporation v. Commissioner.

United States Tax Court.

Filed December 26, 1956.

Attorney(s) appearing for the Case

John A. Carver, Jr., Esq., Box 2574, Boise, Ida., and Dale Clemons, Esq., for the petitioner. John D. Picco, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

This proceeding involves a deficiency in excess profits tax of petitioner for the year 1944 in the amount of $113,453.68.

The sole issue presented is whether petitioner is exempt from excess profits tax on income it received in 1944 under a "Conveyance, Royalty Agreement, and Option," dated December 31, 1941, by virtue of the provisions of section 731 of the Internal Revenue Code of 1939.

Findings of Fact...

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