Presto Products, Inc. v. United States

ORDER

TIDWELL, District Judge.

The above-styled suit for refund of federal income taxes previously paid by the plaintiff is presently before the court on the parties’ cross-motions for summary judgment. The following facts have been stipulated by the parties:

1. The plaintiff, Presto Products, Incorporated, is a wholly-owned subsidiary of The Coca-Cola Company, whose principal place of business is 310 North Avenue, Atlanta, Fulton County, Georgia.

2. Plaintiff seeks to recover from the United States the sum of $23,166.00 for its taxable year ended September 30, 1974, $35,295.00 for its taxable…