McDuffie v. United States

BOOTH, Chief Justice.

This tax suit is brought by the receiver of the Pan American Petroleum Company, a California corporation, for an alleged overpayment of income taxes for the calendar year 1925. . The facts involved have been stipulated, thereby reducing the issues to be adjudicated to two distinct ones.

The plaintiff is engaged in the production and transportation of crude oil, and this controversy arises out of its activities with respect to this commodity. Plaintiff’s and its parent company’s consolidated tax return for the calendar year 1925 disclosed plaintiff’s tax liability to be the…