Continental Oil Co. v. Commissioner

CONTINENTAL OIL COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Continental Oil Co. v. Commissioner

Docket No. 28427.

United States Board of Tax Appeals

23 B.T.A. 311; 1931 BTA LEXIS 1890;

May 19, 1931, Promulgated

Arthur B. Hyman, Esq., for the petitioner.

J. L. Backstrom, Esq., and P. A. Sebastian, Esq., for the respondent.

VAN FOSSAN

This proceeding is brought to redetermine the liability of the petitioner as transferee for deficiencies in income and excess-profits taxes of the Mutual Oil Company of Arizona, Mutual Oil Company of Maine, Mutual Refining and Producing Company,…