Anchin, Block & Anchin v. Pennsylvania Coal & Coke Corp.

In this action by plaintiff, an accounting firm, to recover for services rendered, “fifteen (15%) per cent of any benefits and interest resulting to the [defendant] corporation ” from deductions for losses arising from disposition of its coal properties claimed in its filed Federal income tax returns, the jury rendered a verdict in favor of plaintiff for the sum of $30,969 on the first cause of action. It also found for plaintiff on the second cause of action for $750. Implicit in the verdict on the first cause of action, is included the sum of $4,815.90 “interest” based upon 15% of tax…