Oxford Life Insurance Company v. United States

WIGGINS, Circuit Judge:

Oxford Life Insurance Company (Oxford) appeals the district court’s dismissal of Oxford’s suit for the refund of federal income taxes paid in 1973 and grant of summary judgment for the government on Oxford’s erroneous refund counterclaim for 1974. See 574 F.Supp. 1417 (D.Ariz.1983). Oxford sought to recover federal income taxes paid in connection with an assumption reinsurance transaction in which it acquired a block of 10,000 life insurance policies from another insurance company. We affirm the district court’s decision in part, reverse in part, and remand for a…