Mitsubishi Cement Corporation v. CIR
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November 16, 2020
9th Circ. Says Cement Co. Can't Claim Larger Tax Deduction
A cement production company on the hook for almost $391,000 in federal income taxes cannot reduce its liability by claiming a tax deduction for depletion expenses larger than what the law allows, the Ninth Circuit ruled.
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January 15, 2020
Cement Co. Entitled To Higher Depletion Rate, 9th Circ. Told
A cement producer did not underreport its tax liability and is entitled to a higher depletion deduction for the mining of calcium carbonate as outlined under U.S. Treasury Department regulations, the Ninth Circuit heard Wednesday.
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November 25, 2019
Cement Co. Not Owed Larger Tax Break On Mine, 9th Circ. Told
A California cement producer underreported its tax liability by over $400,000 through miscalculating its depletion deduction for mining, and the company should not be allowed to claim a greater deduction, the government told the Ninth Circuit on Monday.
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September 27, 2019
Calif. Cement Co. Asks 9th Circ. To Up Depletion Tax Break
A California cement producer is owed a greater tax deduction for depletion based on adjustments to prices its subsidiaries paid for cement, mining costs of mixing third-party minerals and a higher depletion rate, the producer has told the Ninth Circuit.