SIGNAL GASOLINE CORPORATION v. COMMISSIONER OF INT. REV.

No. 7035.

66 F.2d 886 (1933)

SIGNAL GASOLINE CORPORATION v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Ninth Circuit.

September 6, 1933.


Attorney(s) appearing for the Case

Melvin D. Wilson, of Los Angeles, Cal. (Miller & Chevalier, of Washington, D. C., and Joseph D. Peeler, of Los Angeles, Cal., of counsel), for petitioner.

Sewall Key, Andrew D. Sharpe, and John MacC. Hudson, Sp. Assts. to Atty. Gen. (C. M. Charest, Gen. Counsel, and J. A. Lyons, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., of counsel), for respondent.

Before WILBUR, SAWTELLE, and GARRECHT, Circuit Judges.


GARRECHT, Circuit Judge.

Petitioner acting through its statutory trustees brings this petition to review a decision of the Board of Tax Appeals, determining deficiencies in its income taxes for the years 1925 and 1926.

The material facts are not in dispute, and the only question presented to this court is whether or not petitioner is entitled to depletion1 deduction for the years 1925 and 1926 in respect to gross income derived...

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