GREYLOCK MILLS v. WHITE

No. 2751.

63 F.2d 866 (1933)

GREYLOCK MILLS v. WHITE, Collector of Internal Revenue.

Circuit Court of Appeals, First Circuit.

March 9, 1933.


Attorney(s) appearing for the Case

Sanford Robinson, of New York City (Robinson & Henson, of New York City, on the brief), for appellant.

Henry L. Young, Sp. Atty., Bureau of Internal Revenue, of Washington, D. C. (Frederick H. Tarr, U. S. Atty., and J. Duke Smith, Sp. Asst. to U. S. Atty., both of Boston, Mass., and C. M. Charest, Gen. Counsel, Bureau of Internal Revenue, of Washington, D. C., on the brief), for appellee.

Before BINGHAM, WILSON, and MORTON, Circuit Judges.


WILSON, Circuit Judge.

The Greylock Mills, a Massachusetts corporation, located at North Adams, had, prior to 1918, been accustomed to file its income, war profits, and excess profits tax on the basis of a calendar year. On March 15, 1919, it filed its return for the full calendar year 1918, reporting an estimated tax of $266,000, on which it paid the sum of $100,000.

After the passage of the Revenue Act of 1918, the...

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