Universal Pictures Co. v. United States

LEVET, District Judge.

The plaintiff-taxpayer, Universal Pictures Company, Inc., seeks by this tax refund action to recover what it alleges to be overpayments of interest on income and excess profits tax payments made by it for its fiscal years ended October 31, 1944 and 1945.1

For the year 1944, the Commissioner assessed interest in taxpayer’s favor pursuant to Section 3771(g) 2 from January 31, 1951 on a component excess profits tax overassessment resulting in part from the carryback to 1944 from 1946 of an unused excess profits credit due to the granting of taxpayer’s prior application under…