UNITED STATES v. BOSTON INSURANCE CO.

No. 29.

269 U.S. 197 (1925)

UNITED STATES v. BOSTON INSURANCE COMPANY.

Supreme Court of United States.

Decided November 23, 1925.


Attorney(s) appearing for the Case

Mr. Alfred A. Wheat, Special Assistant to the Attorney General, with whom Solicitor General Mitchell was on the brief, for the United States.

Mr. Abram R. Serven, with whom Messrs. John G. Carter and John W. Smith were on the brief, for appellee.


MR. JUSTICE McREYNOLDS delivered the opinion of the Court.

Appellee, a domestic corporation, carries on the business of issuing fire and marine insurance policies in Massachusetts, New York and elsewhere. It sued to recover $8,755.92, exacted as income tax for 1916 (Act Sept. 8, 1916, 39 Stat. 756), and maintains that the addition made during the year to its reserve funds, "in the amount and on account of its liabilities for unsettled loss claims," as

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