Helvering v. Bankline Oil Company

[Syllabus from pages 362-364 intentionally omitted]

Messrs. Homer S.C.ummings, Atty. Gen., and Golden W. Bell, Asst. Sol. Gen., of Washington, D.C., for Commissioner of Internal Revenue.

Mr. Martin J. Weil, of Los Angeles, Cal., for Bankline Oil Co.

Mr. Chief Justice HUGHES delivered the opinion of the Court.