DARBY-LYNDE CO. v. ALEXANDER

No. 4097.

44 F.2d 186 (1930)

DARBY-LYNDE CO. v. ALEXANDER, Collector of Internal Revenue.

District Court, W. D. Oklahoma.

September 25, 1930.


Attorney(s) appearing for the Case

Gotwals, Gibson, Killey & Gibson, of Muskogee, Okl., for plaintiff.

Roy St. Lewis, U. S. Atty., of Oklahoma City, Okl., for defendant.


VAUGHT, District Judge.

The plaintiff in its petition alleges that on January 1, 1926, it was the owner of certain producing and nonproducing oil and gas properties located in the state of Kansas, all of which were acquired subsequent to February 28, 1913, and on about July 1, 1926, sold said properties to the Darby Petroleum Company, a corporation, for an agreed price of $1,000,000, and received therefrom the entire purchase price, which, after the deductions from...

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