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A.M. Byers Co. v. Comm'r

19 B.T.A. 660 (B.T.A. 1930)
A.M. Byers Co. v. Comm'r

3 Cited authorities

  1. United States v. Ludey

    274 U.S. 295 (1927)   Cited 229 times
    In Ludey the taxpayer had taken deductions for depletion of his mining properties; but when the properties were sold in the taxable year in question, the taxpayer did not, in computing the gain from the sale, adjust the basis of the property to reflect the depletion deductions.

  2. LaBelle Iron Works v. United States

    256 U.S. 377 (1921)   Cited 153 times
    Holding that cases decided under the Fourteenth Amendment have no application to federal taxes

  3. Willcuts v. Milton Dairy Co.

    275 U.S. 215 (1927)   Cited 48 times
    In Willcuts v. Milton Dairy Co., 275 U.S. 215, at page 219, 48 S. Ct. 71, 72, 72 L. Ed. 247, a case which arose under the excess profits tax act of 1918, the court said: "We do not think Congress intended that a corporation whose capital was impaired should be entitled to treat profits that, though earned, were insufficient to make good the impairment and create a surplus, as `undivided profits.'"