National Bank of Tulsa v. Oklahoma Tax Comm.

GIBSON, V. C. J.

This is an appeal by the National Bank of Tulsa, pursuant to the State Tax Uniform Procedure Act of 1939, from an order of the Oklahoma Tax Commission assessing- additional income tax against it for the years 1937 and 1938.

The controversy involves the question of the proper treatment of bad debts owing to the taxpayer with reference to their deduction from gross income and their inclusion therein when subsequently collected, 68 O.S. 1941 § 880 (f).

The commission, acting pursuant to authority said to have been delegated to it by 68 O. S. 1941 § 905, promulgated certain rules…