1. Home
  2. Browse Decisions
  3. F.2d
  4. 174 F.2d
  5. 174 F.2d 295 (1949)
 

KORTH v. MOUNTAIN CITY COPPER CO.

No. 3756.

174 F.2d 295 (1949)

KORTH, Collector of Internal Revenue, v. MOUNTAIN CITY COPPER CO.

United States Court of Appeals Tenth Circuit.

April 11, 1949.

Attorney(s) appearing for the Case

Wm. B. Waldo, Sp. Asst. to Atty. Gen. (Theron Lamar Caudle, Asst. Atty. Gen., Ellis N. Slack, Sp. Asst. to Atty. Gen., and Dan B. Shields, U. S. Atty. and S. M. Matheson, Asst. U. S. Atty., both of Salt Lake City, Utah, on the brief), for appellant.

W. Q. Van Cott, of Salt Lake City, Utah, for appellee.

Before BRATTON and HUXMAN, Circuit Judges and SAVAGE, District Judge.

SAVAGE, District Judge, delivered the opinion of the court.

This appeal involves the interpretation and validity of the treasury regulation pertaining to capitalization of mine development costs recoverable through depletion.

The taxpayer acquired mining property on October 1, 1932. Its expenditures for development were charged to the capital account monthly. Its books of account were kept on an accrual basis. As of September 30, 1935, the capitalized development...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases