US SUPREME COURT DECISIONS
F.H.E. OIL CO. V. HELVERING, 308 U. S. 104 (1939)
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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
Syllabus
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.
