Mirro-Dynamics Corp. v. United States

CURTIS, District Judge.

This is a consolidation of defendant’s motions for summary judgment in three related cases in each of which plaintiff seeks a refund of federal income taxes.

Jurisdiction is conferred by Title 28 U.S.C. §§ 1340 and 1346(a) (1).

For its fiscal year ending October 31, 1962, plaintiff reported a loss from the purchase and sale of securities and other miscellaneous stock transactions in the amount of $905,861.47. Plaintiff claims this loss as an ordinary loss and has applied to it the operating loss carry-back provisions of the Internal Revenue Code, resulting in claimed…