Helvering v. Bankline Oil Co.

Supreme Court of the United States · Decided 1938-03-07

Cited by 190 later decision(s) in our corpus · see the citation network in Lexace

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From the opinion

Mr. Chief Justice Hughes delivered the opinion of the Court. No. 887.—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.…

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