Memorandum Findings of Fact and Opinion
ARNOLD, Judge:
The petitioner is an Arizona corporation with offices in Oklahoma City, Oklahoma. It filed its income tax return for the calendar year 1939 with the collector of internal revenue for the district of Oklahoma, showing a net loss of $101,372.55. On said return it deducted losses amounting to $43,151.22, arising out of the abandonment in 1939 of two oil and gas leases, which the respondent subsequently...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
