COASTAL TERMINALS, INC. v. UNITED STATES

Civ. A. No. 7562.

207 F.Supp. 560 (1962)

COASTAL TERMINALS, INC., Plaintiff, v. UNITED STATES of America, Defendant.

United States District Court E. D. South Carolina, Charleston Division.

August 23, 1962.


Attorney(s) appearing for the Case

Arthur G. Howe, G. M. Howe, Jr., George E. Grimball, Jr., Charleston, S. C., for plaintiff.

Terrell L. Glenn, U. S. Atty., Columbia, S. C., Thomas P. Simpson, Asst. U. S. Atty., Charleston, S. C., Louis F. Oberdorfer, Asst. Atty. Gen., Washington, D. C., Edward S. Smith, John F. Murray, Leon W. Vaseliades, Attys., Dept. of Justice, for defendant.


WYCHE, Chief Judge.

This suit was instituted by the plaintiff taxpayer to recover refund of taxes which it alleges the District Director of Internal Revenue erroneously assessed against it in holding that certain of its properties were sold on June 30, 1957, for $1,200,000.00 to Delhi-Taylor Oil Corporation.

The issue is whether the transfer by plaintiff of certain of its properties to Delhi-Taylor Oil Corporation for certain properties transferred by it to...

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