Chicago Telephone Supply Co. v. United States

GREEN, Judge.

The facts stated in the petition and admitted by the demurrer may be summarized as follows:

Plaintiff is a corporation organized under the laws of the State of Indiana, with its principal place of business at Elkhart, Indiana. For the taxable year 1934 plaintiff paid taxes in the amount of $19,791.55, the last payment being made December 15, 1935. Of this amount, $3,238.86 represented excess-profits tax. This latter amount was computed pursuant to sections 701 and 702 of the Revenue Act of 1934, 26 U.S. C.A. §§ 1358, 341, based upon a declared value of capital stock of…