U.S. Supreme Court
Herring v. Commissioner, 293 U.S. 322 (1934)
Herring v. Commissioner
Argued November 16, 1934
Decided December 3, 1934
293 U.S. 322
1. The percentage deduction from gross income permitted by § 204(c)(2) of the Revenue Act of 1926 as an allowance for depletion in the case of oil and gas wells is applicable to advance royalties and bonuses received by a lessor upon the execution of an oil and chanroblesvirtualawlibrary
2. The reenactment of a statutory provision without alteration indicates legislative approval of administrative regulations theretofore adopted and applied. P. 293 U. S. 325.
70 F.2d 785 reversed.
Certiorari to review judgments of the Circuit Court of Appeals in two income tax cases wherein decisions of the Board of Tax Appeals sustaining the action of the Commissioner in disallowing claimed deductions for depletion were affirmed.