MISSISSIPPI RIVER FUEL CORPORATION v. UNITED STATES

No. 180-60.

314 F.2d 953 (1963)

MISSISSIPPI RIVER FUEL CORPORATION v. The UNITED STATES.

United States Court of Claims.

April 5, 1963.


Attorney(s) appearing for the Case

Christian B. Peper, St. Louis, Mo., for plaintiff.

John B. Jones, Jr., Washington, D. C., with whom was Asst. Atty. Gen., Louis F. Oberdorfer, for defendant. Edward S. Smith, Lyle M. Turner, Philip R. Miller, and George Willi, Washington, D. C., were on the brief.

Before JONES, Chief Judge, and WHITAKER, LARAMORE, DURFEE, and DAVIS, Judges.


JONES, Chief Judge.

The plaintiff seeks as a business deduction from its gross income of 1953 amounts which it had contributed by transfer to an employees savings trust fund. These sums had been added over a 3-year period as a matching fund to a like amount voluntarily contributed by participating employees. The total accumulated funds were distributed and paid to the employees in the year 1953 on a percentage basis in proportion to their respective contributions...

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