Caldwell v. United States

WATSON, District Judge.

This action was brought by the Plaintiff to recover an alleged overassessment of tax upon his income for the year 1929. Claim for refund was filed with the Commissioner of Internal Revenue and was disallowed. At the time of trial stipulations of the facts of the case were filed,, and no other evidence was received or offered. The case is now before the Court for determination.

The Court finds the facts to be as follows :

The Plaintiff, a resident of Williamsport, Pennsylvania, and three other individuals, owned and held all of the outstanding capital stock of the…