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TEXTRON, INC. v. UNITED STATES

Civ. A. No. 4072.

418 F.Supp. 39 (1976)

TEXTRON, INC., Plaintiff, v. UNITED STATES of America, Defendant.

United States District Court, D. Rhode Island.

June 7, 1976.

Attorney(s) appearing for the Case

Morris B. Abram, Peter J. Rothenberg, of Paul, Weiss, Rifkind, Wharton & Garrison, New York City, Edward F. Hindle, of Edwards & Angell, Providence, R. I., for plaintiff.

Scott P. Crampton, Asst. Atty. Gen., Tax Div., Dept. of Justice, Jerome Fink, Acting Chief, Refund Trial Section No. 1, Dept. of Justice, Stephen J. Csontas, Trial Atty., Tax Division, Dept. of Justice, Washington, D. C., Lincoln C. Almond, U. S. Atty., Providence, R. I., for defendant.

OPINION

DAY, Senior District Judge.

In this action the plaintiff seeks a refund of federal income taxes and interest paid by it on June 15, 1964 in the total amount of $3,706,028.03 for its 1959 taxable year1 plus statutory interest thereon from the date of payment.

The parties submitted this action for determination upon an agreed statement of facts. Said stipulation established the following facts.

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