AUGUSTUS N. HAND, Circuit Judge.
This action was brought to recover $36,772.99, war profits taxes for the year 1918, alleged to have been illegally exacted. Prior to the year 1916 the candy business now conducted by the plaintiff company was owned by George W. Loft, who did not carry good will as an asset on his books. In January, 1916, the business was incorporated, with an authorized and issued capital stock of $4,000,000. In computing the taxes for the year 1918...
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