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Choate v. Commissioner, 324 U.S. 1 (1945)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Choate v. Commissioner, 324 U.S. 1 (1945)
Choate v. Commissioner, 324 U.S. 1 (1945) No. 93 Argued January 2, 1945 Decided January 29, 1945 324 U.S. 1
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE TENTH CIRCUIT
Syllabus
1. A taxpayer who transferred an oil lease and equipment for cash and a royalty interest held entitled, upon a return of income tax, to an allowance for the unrecovered cost of the equipment. P. 3.
2. Under the Revenue Act of 1938, depletion is not applicable to equipment used in the operation of an oil lease. P. 3.
3. The Tax Court’s determination that the transaction in question involved an absolute sale of the equipment was conclusive on review. Dobson v. Commissioner, 320 U.S. 489; Wilmington Co. v. Helvering, 316 U.S. 164. P. 3.
141 F.2d 641 reversed.
Certiorari, 323 U.S. 692, to review a judgment which, upon an appeal by the Commissioner, reversed a decision of the Tax Court.
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Chicago: U.S. Supreme Court, "Syllabus," Choate v. Commissioner, 324 U.S. 1 (1945) in 324 U.S. 1 324 U.S. 2. Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=R64W6BYK7BFTJGJ.
MLA: U.S. Supreme Court. "Syllabus." Choate v. Commissioner, 324 U.S. 1 (1945), in 324 U.S. 1, page 324 U.S. 2. Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=R64W6BYK7BFTJGJ.
Harvard: U.S. Supreme Court, 'Syllabus' in Choate v. Commissioner, 324 U.S. 1 (1945). cited in 1945, 324 U.S. 1, pp.324 U.S. 2. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=R64W6BYK7BFTJGJ.
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