Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Citation
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Parent Document
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Jurisdiction
- Kentucky (state)
- Effective Date
- 1994-01-28
Other Sections in This Document (31)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
- Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
Full Text
869 charsVericoals also maintains that the substance of the contract between Vericoals and Unit Coal belies the plain language of the contract, and that the operative provisions of the agreement are such that Unit Coal had the economic interest. We believe that substance and form of the agreement are consistent. Vericoals did not relinquish its economic interest in the minerals by its agreement with Unit Coal. Vericoals looked not only to Unit but also to the income derived from the extraction of the coal for the return of its capital in the coal. See 26 C.F.R. § 1.611; Palmer v. Bender, 287 U.S. 551, 53 S.Ct. 225, 77 L.Ed. 489 (1933). Thus Veri-coals also looked to the sale of the coal for its income and not merely to the other contracting party. Cf. Paragon Jewel Coal Co. v. Comm’r of Internal Revenue, 380 U.S. 624, 635, 85 S.Ct. 1207, 1212, 14 L.Ed.2d 116 (1965).