United States v. Little War Creek Coal Co.

PARKER, Circuit Judge.

This is an appeal from a judgment in an action brought to recover a part of an additional assessment of corporate income taxes assessed against and paid by the Little War Creek Coal Company for the year 1929. The decision of the lower court related to three items, only one of which is involved in the appeal. This relates to an indebtedness of $22,599.57 owing by taxpayer to the Eastern Coal and Export Corporation. At the end of the year 1927, taxpayer’s officers decided that it did not owe the Eastern Coal & Export Corporation anything and charged the account off its…