American Woolen Co. v. White

WILSON, Circuit Judge.

This is an appeal from the District Court of Massachusetts in an action by the appel lant corporation to recover an alleged overpayment of its income taxes for the year 1922.

According to the taxpayer’s return for that year, the Commissioner assessed a tax for $1,292,058.94. On or before March 13, 1923, the Commissioner notified the taxpayer that he had determined that the taxpayer had overpaid its tax for the year 1917 to the amount of $138,492.16. The taxpayer immediately filed a claim for said amount to be applied as a credit on its tax for the year 1922, which he was…