United States v. Garbutt Oil Co.

The issue in this case is similar to that presented in United States v. Andrews, ante, p. 517. The action was brought by the respondent in the District Court for Southern California to recover ah alleged overpayment of in come taxes for 1919. There is no controversy as to the facts found by the trial court. The respondent, a California corporation, acquired a lease of oil property October 3, 1907. April 10, 1911, the directors resolved that all oil produced after January 1 of that year should be transferred in kind to the lessors to the extent of their royalty interest and to the company’s…