Natural Gas Pipe Line Co. of America v. State Commission of Revenue & Taxation

*417The opinion of the court was delivered by

Dawson, C. J.:

This is an appeal from a judgment affirming an order of the state commission of revenue and taxation denying plaintiff’s claim to a deduction from its income tax assessment for 1937 a considerable sum of money which it paid as interest on that portion of its bonded indebtedness held by its stockholders.

The legal questions were developed by the pleadings and a lengthy stipulation of facts. Plaintiff is a Delaware corporation engaged in the transportation of natural gas to distributors and customers in Kansas and by pipe lines through…