Allegheny Steel Co. v. United States

GREEN, Judge.

Plaintiff brings this suit to recover alleged overpayments of income taxes for the years 1929 and 1930, claiming that this overpayment resulted from the refusal of defendant’s officials to permit proper deductions for interest payments which had accrued in those years.

The facts are not in dispute. It appears that about April 16, 1929, the plaintiff, which is a corporation, entered into an agreement for the merger and consolidation with it of the West Penn Steel Company, another corporation, and through this agreement it succeeded to all of the property rights and franchises of…