C. M. Hall Lamp Co. v. United States

MILLER, Circuit Judge.

The appellant, C. M. Hall Lamp Company, hereinafter called the Hall Company, filed this action in the District Court to recover $751.92, which it alleged was erroneously assessed against it and collected as excess profits taxes for the calendar year 1941. The assessment resulted from the disallowance by the Commissioner of a good will asset item in the appellant’s invested capital account. The ruling is of importance to the appellant because of its application to appellant’s excess profits tax liability for the years succeeding 1941 as well as the year 1941 itself.

By…