Singer Co. v. United States

This is an action to recover alleged overpayments of Federal income taxes paid by plaintiff for the tax year of 1954. *93The amount in controversy involves a refund of $510,762.73, plus statutory interest on the amount of recovery. The determination of whether or hot plaintiff is entitled to recover said amount is based on sections 170 and 162 (b)1 and whether, pursuant to section 170,2 plaintiff is entitled to claim a deduction for charitable contributions made in the form of discounted sales of its most famous product, i.e., sewing machines.

The resolution of the above posed issue will be made…