Search Supreme Court Cases

F.H.E. OIL CO. V. HELVERING, 308 U. S. 104 (1939)

U.S. Supreme Court

F.H.E. Oil Co. v. Helvering, 308 U.S. 104 (1939)

F.H.E. Oil Co. v. Helvering

No. 26

Argued October 9, 10, 1939

Decided November 6, 1939

308 U.S. 104


A regulation under the Revenue Act of 1932, requiring that development as well as operative expenses be deducted from gross income from oil wells, in ascertaining "net income from the property" under § 114(b)(3), sustained upon the authority of Helvering v. Wilshire Oil Co., ante, p. 308 U. S. 90.

102 F.2d 596 affirmed.

Certiorari, 307 U.S. 618, to review a judgment of the court below which reversed a decision of the Board of Tax Appeals (36 B.T.A. 1327), reducing a deficiency assessment.

Powered by Justia US Supreme Court Center: F.H.E. OIL CO. V. HELVERING, 308 U. S. 104 (1939)

Official Supreme Court caselaw is only found in the print version of the United States Reports. Justia caselaw is provided for general informational purposes only, and may not reflect current legal developments, verdicts or settlements. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or information linked to from this site. Please check official sources.