United States v. Ludey

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.

Doyle v. Mitchell Brothers Co.

Holding that Congress may tax a reseller only on its gross income, not its gross receipts

Weiss v. Wiener

In Weiss v. Wiener, 279 U.S. 333, 335, 49 S.Ct. 337, 73 L.Ed. 720, it is said that a "loss must be actual and present, not merely contemplated as more or less sure to occur in the future."

Real Estate Title Co. v. U.S.

Precluding consideration of grounds for refund not raise in the refund claim

Lucas v. North Texas Co.

In Lucas v. North Texas Lumber Co., 281 U.S. 11, 50 S.Ct. 184, 74 L.Ed. 668, a ten-day option to purchase timber lands was given to a solvent offeree on December 27, 1916. Having found the title satisfactory, the option holder on December 30 arranged for the money needed, gave notice of exercise of the option and declared itself ready to close the transaction and pay the purchase price "as soon as the papers were prepared"; and the offeror immediately ceased operating its saw mill and withdrew all its employees.

Matter of Brown

Recognizing actually acquired good will is a valuable property interest transferrable and protectable by law as a business asset

Schoellkopf Anilines&sChemical Works v. United States