PHILADELPHIA RAPID TRANSIT CO. v. UNITED STATES

No. 41905.

10 F.Supp. 591 (1935)

PHILADELPHIA RAPID TRANSIT CO. v. UNITED STATES.

Court of Claims.

April 8, 1935.


Attorney(s) appearing for the Case

Hugh Satterlee, of Washington, D. C. (Weill, Satterlee, Spence & Blakely, of Washington, D. C., and Ballard, Spahr, Andrews & Ingersoll, of Philadelphia, Pa., on the brief), for plaintiff.

John T. Koehler and John A. Rees, both of Washington, D. C., and Frank J. Wideman, Asst. Atty. Gen., for the United States.

Before BOOTH, Chief Justice, and LITTLETON, WILLIAMS, and WHALEY, Judges.


WILLIAMS, Judge.

The Commissioner of Internal Revenue, upon a final audit and adjustment of plaintiff's income and excess profits tax returns for the years 1919 and 1920, determined overassessments in favor of the plaintiff of $90,636.41 for 1919, and $734,010.65 for the year 1920. The amount of the overassessments, which were overpayments for the years involved, was applied by the Commissioner as statutory credits against deficiency assessments for the years 1919...

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