26 U.S.C. § 114
Repealed. Pub. L. 108–357, title I, § 101(a), Oct. 22, 2004, 118 Stat. 1423]
[repealed]
Notes of Decisions
Cited in 107
cases, 1935–2018 · leading case: Boeing Co. v. United States, 537 U.S. 437 (2003).
Boeing Co. v. United States, 537 U.S. 437 (2003). “[5] In 2000, Congress repealed and replaced the FSC provisions with the "extraterritorial income" exclusion of 26 U. S. C. § 114 . [6] Two aspects of the 1984 statute that do have special significance to this suit are discussed in Part IV, infra.”
Emil Usibelli & Rose P. Usibelli v. Comm'r of Internal Revenue, 229 F.2d 539 (9th Cir. 1955). “Title 26 U.S.C.A. § 114 , note 4, supra. 9 . Since increased to 10% as amended Aug.”
Comm'r v. Sw. Expl. Co., 350 U.S. 308 (1956). “…under section 23 (m) be less than it would be if computed without reference to this paragraph.” 53 Stat. 45 , 26 U. S. C. § 114 .”
Comm'r of Internal Revenue v. Fleming, 82 F.2d 324 (5th Cir. 1936). “of the income from them fixed as a fair average value to be deducted from the proceeds as representing the capital exhaustion, to apply not only in favor of a discoverer but to every case in which such depletion is to be allowed, with limitations not here important.”
Philadelphia Park Amusement Co. v. United States, 126 F. Supp. 184 (Ct. Cl. 1954). “The view that “cost” is the fair market value of the property received is based upon the theory that the term “cost” is a tax concept and must be considered in the light of the designed interrelationship of sections 111, 112, 113, and 114, 26 U.S. C.A. § 114, and the prime role…”
CH Mead Coal Co. v. Comm'r of Internal Rev., 106 F.2d 388 (4th Cir. 1939). “114 (b) (4) Revenue Act of 1932, 26 U.S.C.A. § 114 note. Sec. 114 (b) (4) Revenue Act of 1934, 26 U.”
Comm'r of Internal Revenue v. Wilshire Oil Co., 95 F.2d 971 (9th Cir. 1938). “The provision is section 114(b)(3), 26 U.S.C.A. § 114 note: “(3) Percentage depletion for oil and gas wells.”
Farmers Coop. Co. v. Birmingham, 86 F. Supp. 201 (N.D. Iowa 1949). “The amounts which may be set aside as “reasonable reserves” for depreciation, obsolescence, bad debts, or contingent losses or expenses, though differing in each individual case, have for federal income tax purposes been rather well limited by Section 114 of the Internal Revenue…”
Morton Salt Co., a Corp. v. The United States, 316 F.2d 931 (Ct. Cl. 1963). “The term ‘mining’ as used herein shall be considered to include not merely the extraction of the ores or minerals from the ground hut also the ordinary treatment processes normally applied by mine owners or operators in order to obtain the commercially marketable mineral product…”
Comm'r v. Brown Shoe Co., 175 F.2d 305 (8th Cir. 1949). “26 U.S.C.A. § 114 . But “cost” means cost to the taxpayer.”
Dragon Cement Co. v. United States, 144 F. Supp. 188 (D. Me. 1990). “sions of Section 114 of the Code, as then amended, 26 U.S.C.A. § 114 , provided, in part, as follows: , “(A) In general.”
Waldheim Realty & Inv. Co. v. Comm'r of Internal Revenue, 245 F.2d 823 (8th Cir. 1957). “Section 2E(n) provides that the basis upon which exhaustion is to be allowed in respect to any property shall be as provided in section 114, 26 U.S.C.A. § 114 . Section 114 in turn provides that the basis upon which exhaustion is to be allowed is the adjusted basis provided in…”
— 26 U.S.C. § 114(b) — 3 cases
Morton Salt Co., a Corp. v. The United States, 316 F.2d 931 (Ct. Cl. 1963). “The term ‘mining’ as used herein shall be considered to include not merely the extraction of the ores or minerals from the ground hut also the ordinary treatment processes normally applied by mine owners or operators in order to obtain the commercially marketable mineral product…”
Monolith Portland Cement Co. v. United States, 269 F.2d 629 (9th Cir. 1959).
Fannin Inv. Co. v. United States, 197 F. Supp. 693 (N.D. Ga. 1961).
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.