SABINE ROYALTY CORP. v. COMMR. OF INTERNAL REVENUE, 17 T.C. 1071 (1951) SABINE ROYALTY CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNALREVENUE, RESPONDENT. Docket No. 25149.United States Tax Court. Promulgated December 29, 1951. 1. INTEREST. — Petitioner, a corporation engaged in the business of investing in oil properties, issued income debentures in exchange for its own stock. […]
