Carter v. Phillips

This case arises over the income tax return of Waite Phillips, an oil producer, for the year 1920. This return was filed and a revision thereof was made by the State Auditor to which Phillips filed, objections. A hearing was had, the objections overruled, and an appeal taken to the district court of Oklahoma county, where the return was again revised, and from this judgment of revision both the State Auditor and Phillips have appealed.. Tlie Auditor presents two questions for review: The first being that Phillips was not entitled to charge off annually for exhaustion an amount equal to the…