Cornish v. Atlas Life Ins. Co.

The Oklahoma Tax Commission, hereinafter called Commission, acting upon the assumption of authority so to do, adopted certain rules and regulations for the administration and enforcement of the Income Tax Law, chapter 66, Session Laws 1931 (see. 12294, O. S. 1931). Among these rules and regulations were certain ones applying to insurance companies, the gist of which was to require such companies to make specific returns of their income in order that if any portion of such companies’ income was derived from sources not strictly within the contemplation of insurance business, such income might…