Clark Oil and Refining Corporation v. United States

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding that the acquisition of adjoining land was at the heart of the litigation thus it- was a capital expenditure, even though the claim was brought as a nuisance action
• amount paid to landowner to settle nuisance action not deductible, as origin of dispute was an attempt to acquire the property
• also mentioning a useful life of one year as the normal dividing line between a capital expense and an ordinary expense
• injunction and monetary damages sought for alleged nuisances and trespasses

Source: CourtListener parenthetical corpus (CC0).