U.S. v. HENRY PRENTISS & CO.

No. 234.

288 U.S. 73 (1933)

UNITED STATES v. HENRY PRENTISS & CO., INC.

Supreme Court of United States.

Decided January 9, 1933.


Attorney(s) appearing for the Case

Assistant Attorney General Rugg, with whom Solicitor General Thacher, Assistant Attorney General Youngquist, and Messrs. Whitney North Seymour, Sewall Key, John G. Remey, Joseph H. Sheppard, Erwin N. Griswold, and Wm. H. Riley, Jr., were on the briefs, for the United States.

Mr. Joseph F. Murray, with whom Messrs. William P. Jeffery and Arthur Mattson were on the brief, for respondent.


MR. JUSTICE CARDOZO delivered the opinion of the Court.

Respondent (the plaintiff in the court below) brought suit against the United States in a District Court to recover overpayments of income and excess-profits taxes for the years 1918 and 1920. The overpayments had come about, so it was claimed, from the undervaluation by the Commissioner of the respondent's invested capital, with a consequent exaggeration of the profits...

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