SELECTED INVESTMENTS CORP. v. OKLAHOMA TAX COM'N

No. 36731.

309 P.2d 267 (1957)

SELECTED INVESTMENTS CORPORATION, Plaintiff in Error, v. OKLAHOMA TAX COMMISSION, Defendant in Error.

Supreme Court of Oklahoma.

Rehearing Denied April 2, 1957.


Attorney(s) appearing for the Case

Washington, Thompson & Wheeler, Oklahoma City, Louis Loss, Cambridge, Mass., of counsel, for plaintiff in error.

R.F. Barry, W.F. Speakman, E.J. Armstrong, Oklahoma City, for defendant in error.


WELCH, Chief Justice.

To the income tax or on the income tax return of the plaintiff, Selected Investment Corporation, for 1948 the Oklahoma Tax Commission in effect made or applied an added assessment on the sum of $543,215.35 earned by investments of money from the Selected Investment Trust Fund.

"Commission" contends this sum was an earning and income of Selected Investment Corporation, while "Corporation" contends it did not own the Trust Fund nor its...

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