AMERICAN GAS & ELECTRIC CO. v. UNITED STATES


69 F.Supp. 614 (1946)

AMERICAN GAS & ELECTRIC CO. v. UNITED STATES.

District Court, S. D. New York.

December 11, 1946.


Attorney(s) appearing for the Case

Simpson, Thacher & Bartlett, of New York City (Louis Connick, Courtland Kelsey and Leslie M. Rapp, all of New York City, of counsel), for plaintiff.

John F. X. McGohey, U. S. Atty., of New York City (Henry L. Glenn, Asst. U. S. Atty., of New York City, of counsel), for defendant.


CAFFEY, District Judge.

This is an action to recover the sum of $29,258.20, alleged to have been erroneously exacted from plaintiff, under Section 1802 (a) of the Internal Revenue Code, Title 26 U.S.C.A. as a documentary stamp tax upon a certain issue of stock by plaintiff. Each party moves, upon the amended pleadings and a stipulation of facts, for a judgment in its favor. Thus, only a question of law is involved.

Plaintiff was organized in 1925 under the...

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