Lichtenberger-Ferguson Co. v. Welch

JAMES, District Judge.

Appellant sued in the District Court to recover the sum of $33,235.31, which it alleged had been improperly assessed and collected as income taxes for the year 1919. The first items of the claim arose by reason of the refusal of the Revenue Department to allow the taxpayer to charge as expense for the year stated the amount of contract obligations for which it had issued its promissory notes. A separate item referred to an amount of $10,-011.63, which was received by appellant in February, 1920, and which the taxing officers assigned to income account for the year 1919,…