McFADDIN, Justice.
This appeal necessitates a consideration of a portion of the Arkansas income tax law, Sec. 84-2001 et seq., Ark.Stats.
Appellee, at all times a citizen and resident of Craighead County, Arkansas, in 1943, 1944 and 1945 engaged in the business of drilling some wells for oil in the State of Illinois. The wells were "dry holes"; and appellee claimed, as deductible from his Arkansas State income, the amount expended for such drilling. Appellant...
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