PONDER, Justice.
Plaintiffs brought suit for the recovery of corporation franchise taxes paid under protest for the years 1946, 1947, and 1948. From a judgment dismissing their demands, the plaintiffs have appealed.
The sole question is whether intangible drilling and development costs (comprising labor, fuel, expenditures incurred in making a well, geological and geophysical costs all of which have no salvage value) are such assets of the corporation as are...
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.
