SOBELOFF, Senior Circuit Judge:
In this action, Bahan Textile Machinery Company ("Taxpayer") seeks to recover $219,805.31 in federal income and accumulated earnings taxes assessed against it and collected by the Internal Revenue Service for the years 1959, 1960 and 1961. The District Court denied Taxpayer the refund sued for and this appeal followed. We affirm.
Taxpayer is in the business of manufacturing replacement parts for textile weaving looms. Since...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.