RIFE v. C. I. R.

No. 22015.

356 F.2d 883 (1966)

M. O. RIFE and Maidee W. Rife, Petitioners, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Fifth Circuit.

February 15, 1966.


Attorney(s) appearing for the Case

Whitfield J. Collins, Robert A. Watson, Ft. Worth, Tex., for petitioners.

Frederick E. Youngman, Atty., Dept. of Justice, Louis F. Oberdorfer, Asst. Atty. Gen., Lee A. Jackson, Atty., Dept. of Justice, John B. Jones, Jr., Acting Asst. Atty. Gen., Melva M. Graney, Anthony Zell Roisman, Attys., Dept. of Justice, Sheldon S. Cohen, Chief Counsel, Hu S. Vandervort, Atty., I. R. S., Washington, D. C., for respondent.

Before RIVES, BROWN and MOORE, Circuit Judges.


MOORE, Circuit Judge:

This is a petition to review a decision of the Tax Court, 41 T.C. 732 (1964), affirming the assessment of income tax deficiencies for the years 1954, 1955 and 1956 against petitioners M. O. Rife and Maidee W. Rife, husband and wife (hereinafter referred to collectively as petitioner), which resulted in large part from the disallowance of deductions claimed for drilling expenses in 1955, 1956 and 1957 and their...

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