Illinois National Bank v. United States

POOS, District Judge.

Plaintiffs, Illinois National Bank, a banking corporation, as Conservator of the Estate of Earl Davenport, and Nellie Davenport, filed suit against the United States of America, defendant, praying judgment for the sum of $15,231.12, interest thereon and costs. The theory of plaintiffs is that the District Director of Internal Revenue for the 8th District of Illinois had made an illegal assessment of income tax against plaintiffs for the year 1948 in this that the District Director disallowed as a deduction from the sale price of farm land the sum of $56,-610.42. The land…