Fidelity Investment Ass'n v. United States

WHALEY, Judge.

This suit was instituted by plaintiff to recover the sum of $37,985.00 collected by the defendant as documentary stamp tax under Schedule A (1) of the Revenue Acts of 1924 and 1926 on “Special income contracts” and “Special annuity contracts” issued and delivered by plaintiff during the period from February 1, 1925, to December 31, 1928. The case was tried- before a commissioner of this court who took the evidence of the witnesses and made a report to the court of his findings of fact. Both sides took exceptions to ■ the feport. After a eareful examination of the evidence, the…