PLATT v. COMMISSIONER

Docket No. 29959.

18 T.C. 1229 (1952)

SIDNEY PLATT, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated September 30, 1952.


Attorney(s) appearing for the Case

Taylor E. Wilhelm, Esq., for the petitioner.

John P. Higgins, Esq., for the respondent.


Respondent determined a deficiency of $6,107.71 in petitioner's income tax liability for 1947. Respondent now concedes certain deductions. Petitioner does not contest other disallowances. The remaining issue is whether the petitioner's expenditure of $14,000 for fractional interests in oil and gas leases constitutes optionally expensable intangible drilling cost under section 23(m) of the Internal Revenue Code and Treasury Regulations 111, section 29.23(m)-16. Some of the...

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