Helvering v. Elbe Oil Land Development Co.

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

Cited by 150 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. 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 prescr…

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