Cone Oil Field Operating Co. v. Commissioner

BRATTON, Circuit Judge.

These cases were submitted together and may be decided in like manner. The first concerns the income tax, excess profits tax, and declared value excess profits tax liability of Rota-Cone Oil Field Operating Company, a corporation organized under the laws of Oklahoma and sometimes hereinafter referred to as Rota-Cone, for the calendar year 1941, the income tax and excess profits tax liability of Rota-Cone for the calendar year 1942, and the income tax and excess profits tax liability of Municipal Securities Company, a corporation organized under the laws of Oklahoma and…