Legal Opinion
Bank of Leipsic Company v. United States
Court of Appeals for the Sixth Circuit
Decided April 5, 1961No. 14293_1PublishedCited by 2 opinions
1Opinion of the Court
WEICK, Circuit Judge.
The action below was brought by the bank to recover income taxes paid for the year 1955 in the amount of $9,459.61 plus statutory interest. The District Court granted the bank’s motion for summary judgment without opinion and entered judgment against the Government for the amount claimed. This appeal followed.
The question involved was whether the bank was exempt from the payment of income taxes for 1955 under the provisions of Sec. 7507(b) of the Internal Revenue Code of 1954. 1
In the previous appeal involving the tax years 1952-1954, we held that the bank was immune…
2Cases cited5 opinions
- Farmers & Merchants Bank v. Commissioner of Int. Rev.Court of Appeals for the Eighth Circuit · 1949
- Kavanagh v. First Nat. BankCourt of Appeals for the Sixth Circuit · 1943
- De Kalb Trust & Savings Bank v. United StatesCourt of Appeals for the Seventh Circuit · 1958
- United States v. Bank of Leipsic CompanyCourt of Appeals for the Sixth Circuit · 1959
- New Jersey Title Guarantee & Trust Co. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1950
3Cited by2 opinions
- Robert F. Schiller v. Penn Central Transportation Company, and General Motors CorporationCourt of Appeals for the Sixth Circuit · 1975
- Exchange & Savings Bank of Berlin v. United StatesDistrict Court, D. Maryland · 1965