In re the Protest of Vernon Savings & Loan Ass'n

BERRY, Justice.

Vernon Savings and Loan Association [Vernon], a domesticated foreign corporation, was assessed a deficiency in its Oklahoma corporate income tax for the years 1971, 1972 and 1973. Vernon protested assessment of deficiency before Oklahoma Tax Commission [Commission]. Upon notice and hearing Commission denied the protest. Vernon appealed. Commission is appellee.

The facts are that for the years in question Vernon conducted business in Oklahoma under a certificate of authority first issued by Oklahoma Building and Loan Board in 1965. Vernon did business through its agent, the Jim…