Midvale Co. v. United States

The plaintiff, taxpayer, sues for $624,922.52, and interest provided by law, which amount represents excess profits taxes and deficiency interest paid by taxpayer for its taxable years 1940-1945, inclusive.1 The defendant and taxpayer move for judgment on the pleadings and since matters outside of the pleadings have been presented they are treated as motions for summary judgment and will be disposed of accordingly. The sole issue presented in this case is whether or not excess profits under the Vinson-Trammell Act (48 Stat. 503, 505, as amended, 34 U. S. C. 496, 1940 ed.) that were received…