Matson Navigation Co. v. United States

The plaintiff sues to recover $43,843.62 with interest. Both parties have moved for summary judgment. The plaintiff duly filed its excess profits tax return on March 15, 1945, for the calendar year 1944 and paid its 1944 excess profits tax in the amount of $2,028,231.73 ($2,253,590.81 less 10 percent credit under section 784 of the Internal Revenue Code of $225,359.08) in the following quarterly installments: (1) $563,397.71 on March 15, 1945; (2) $563,397.70 on June 15, 1945; (3) $450,718.16 on September 17, 1945; and (4) $450,718.16 on December 17, 1945. In May 1947, the Commissioner of…