Peabody Co. v. United States

MARTIN, District Judge.

On January 8, 1937, Peabody Company, incorporated under the laws of Tennessee, filed its petition against the United States of America for refund of the capital stock tax collected from the corporation, pursuant to section 701 of the Revenue Act of 1934 (26 U.S.C.A. § 1358 and note), in the amount of $980.32 and interest thereon.

On February 16th, the respondent answered, denying the right of the petitioner to the refund claimed. The case has been tried on stipulation of facts, supplemented by the testimony of Mr. J. Bayard Snow-den, president of the petitioning company.

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