TROUP v. COMMISSIONER

Docket No. 33113.

12 T.C.M. 262 (1953)

Anna C. Troup v. Commissioner.

United States Tax Court.

March 13, 1953.


Attorney(s) appearing for the Case

Linwood Connellee, Esq., 615 Main Street, Ottawa, Ill., for the petitioner. Paul Levin, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

BRUCE, Judge:

This proceeding involves a deficiency in income tax in the amount of $857.01 asserted by the respondent for the fiscal year ended June 30, 1947. The issue is whether petitioner is entitled to any allowance for depletion of certain limestone deposits based upon discovery value.

Findings of Fact

Petitioner is an individual residing in Ottawa, Illinois. She filed her income tax return for...

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