...from gross income in 1931. In North American Oil v. Burnet, 286 US 417, 424, the Supreme Court said: If a taxpayer receives earnings under a claim of right...still be adjudged liable to restore its equivalent [citing other authorities]. The rule laid down above has been followed in other cases and repeated...

...language found in North American Oil v. Bumet, 286 US 417, 424 (1932), where the Supreme Court said : If a taxpayer receives earnings under a claim of right...has received income which he is required to return [for tax purposes], even though it may still be claimed that he is not entitled to retain the money,...

...1942. As we have said, the Government demurs. It says that the plaintiff received the $24,000 in 1942 under a claim of right, and without restriction as to its disposition, and that that ends the controversy. It points to North American OH Consolidated v. Butrnet, 286 US...

...income of the company in 1917, when it first became entitled to them and when it actually received them. If a taxpayer receives earnings under a claim of right...still be adjudged liable to restore its equivalent. See Board v. Commissioner, 51 F. (2d) 73, 75, 76. Compare United States v. SS White Dental Mfg. Co.,...

...income of the company in 1917, when it first became entitled to them and when it actually received them. If a taxpayer receives earnings under a claim of right...still be adjudged liable to restore its equivalent. See Board v. Commissioner, 51 F. (2d) 73, 75, 76. Compare United States v. SS White Dental Mfg. Co.,...

...The Supreme Court in the North American Oil Consolidated case, laid down the rule as follows: * * * If a taxpayer receives earnings under a claim of right...received income which he is required to return, even thougli it may still be claimed that he is not entitled to retain the money, and even though he may...

...in which it actually received the proceeds from the operation of the property. It was stated that " If a taxpayer receives earnings under a claim of right...still be adjudged liable to restore its equivalent." Seasoning from the language of the Court in that case, the prevailing opinion ha? In my opinion the...

...When it is that, it may be taxed, though it was in the making long before (citations omitted). But if a taxpayer receives earnings under a claim of right...restriction as to its disposition, he has received income, even though he may still be held liable to restore its equivalent.125" * From the foregoing it is clear...

...contentions and not those of the respondent. In the course of its opinion the Court stated : * * * If a taxpayer receives earnings under a claim of right...he is required to return, even though it may still he claimed that he Is not entitled to retain the money, and even though he may still be adjudged liable...

...income of the company in 1917, when it first became entitled to them and when it actually received them. If a taxpayer receives earnings under a claim of right...to retain the money, and even though he may still l>e adjudged liable to restore its equivalent. See* Board v. Commissioner, 51 F. (2d) 73. 75, 76. Compare...