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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