Commissioner v. Richfield Oil Co.

RUDKIN, Circuit Judge.

This is a petition to review a decision of the United States Board of Tax Appeals. The facts as found by the Board are substantially as follows: The Richfield Oil Company and the Olinda Gasoline Company are California corporations, with their principal offices at Los Angeles. The Olinda Company was a producing company, organized in 1913. The Richfield Company was a distributing company, organized shortly before the Olinda Company. The Olinda Company was promoted and organized by J. P. Vordermark, who was a practical and experienced gasoline man. The stock of the Olinda…