Lucas v. Sterling Oil & Gas Co.

How courts have described this case

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

• costs capitalized in 1919 no-tax return; in amended return disclosing additional income costs were expensed on order of officers and directors; held an election \implies a deliberate choice\ and the choice was not made until the board action
• costs capitalized in 1919 no-tax return; in amended return disclosing additional income costs were expensed on order of officers and directors; held an election “implies a deliberate choice” and the choice was not made until the board action

Source: CourtListener parenthetical corpus (CC0).