North American Oil Consolidated v. Burnet
| North American Oil Consolidated v. Burnet | |
|---|---|
| Argued April 20–21, 1932 Decided May 23, 1932 | |
| Full case name | North American Oil Consolidated v. David Burnet, Commissioner of Internal Revenue |
| Citations | 286 U.S. 417 (more) 52 S. Ct. 613; 76 L. Ed. 1197; 1932 U.S. LEXIS 856 |
| Case history | |
| Prior | 12 B.T.A. 68 (1928); reversed, 50 F.2d 752 (9th Cir. 1931); cert. granted, 284 U.S. 614 (1932). |
| Holding | |
| The 1916 profits were taxable income to North American Oil in 1917 when the District Court determined that the company had a claim of right to the profits, even though litigation was ongoing at that time. | |
| Court membership | |
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| Case opinion | |
| Majority | Brandeis, joined by unanimous |
North American Oil Consolidated v. Burnet, 286 U.S. 417 (1932), was a landmark decision by the United States Supreme Court that established the claim of right doctrine.