BYRNE, District Judge.
Plaintiff, Lloyd Corporation, Ltd., brought this action against R. A. Riddell, District Director of Internal Revenue, Los Angeles District, to recover a portion of the federal income taxes paid by plaintiff for the calendar years 1956 and 1957.
The dispute involves determination of the depletion allowance for certain oil and gas properties, and arose in the manner described below.
Prior to September, 1933, plaintiff and South...
Let's get started

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.