Case Name: COMMISSIONER OF INTERNAL REVENUE v. WINSTON OIL COMPANY
Court: United States Court of Appeals for the Tenth Circuit
Jurisdiction: United States
Decision Date: 1939-12-12
Citations: 109 F.2d 1015
Docket Number: No. 1866
Parties: COMMISSIONER OF INTERNAL REVENUE v. WINSTON OIL COMPANY.
Judges: 
Reporter: Federal Reporter 2d Series
Volume: 109
Pages: 1015–1015

Head Matter:
COMMISSIONER OF INTERNAL REVENUE v. WINSTON OIL COMPANY.
No. 1866.
Circuit Court of Appeals, Tenth Circuit
Dec. 12, 1939.
J. P. Wenchel, Chief Counsel, Bureau of Internal Revenue, of Washington, D. C., for petitioner.
Charles H. Garnett, of Oklahoma City, Okl., for respondent.
Before LEWIS and PHILLIPS, Circuit Judges.

Opinion:
PER CURIAM.
Reversed and remanded with instructions to redetermine the tax and in computing the depletion allowance to deduct the drilling and development cost from the gross income from the lease in determining the net income therefrom for the purpose of applying the limitation of fifty per cent of the net income.