HELVERING v. CONTINENTAL OIL CO.

No. 5863.

68 F.2d 750 (1933)

HELVERING, Commissioner of Internal Revenue, v. CONTINENTAL OIL CO.

Court of Appeals of the District of Columbia.

Decided November 27, 1933.

Rehearing Denied January 22, 1934.


Attorney(s) appearing for the Case

G. A. Youngquist, Sewall Key, John H. McEvers, and C. M. Charest, all of Washington, D. C., for petitioner.

Arthur B. Hyman, of New York City, for respondent.

Before MARTIN, Chief Justice, and ROBB, VAN ORSDEL, HITZ, and GRONER, Associate Justices.


GRONER, Associate Justice.

This is a tax case in which the Commissioner is the petitioner. The respondent is the Continental Oil Company, and the proceeding involves its tax liability as transferee of the assets of Mutual Oil Company of Maine, Mutual Oil Company of Arizona, Mutual Refining & Producing Company, and Northwestern Oil Refining Company.

During the period January 1, 1920, to March 15, 1920, Mutual Oil Company of Maine owned all the capital stock...

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