Mobley v. Pitts

Ed. F. McFaddin, Justice.

This appeal necessitates a consideration of a portion of the Arkansas income tax law (§ 84-2001 et seq., Ark. Stats.).

Appellee, at all times a citizen and resident of Craig-head County, Arkansas, in 1943, 1944 and 1945 engaged in the business of drilling some wells for oil in the State of Illinois. The wells were “dry holes”; and appellee claimed, as deductible from his Arkansas State income, the amount expended for -such drilling. Appellant, as Commissioner of Revenue of Arkansas, denied that the items were deductible; and this appeal challenges the correctness of…