Benedum v. Granger

McVICAR, District Judge.

The above two actions against the Collector of Internal Revenue of this district are for the recovery of income taxes alleged to have been erroneously collected from the plaintiffs by the defendant. Both actions involve additional assessments made by reason of disallowance of bad debt deductions claimed in the taxpayers’ 1936 income tax returns. In each case the obligation which gave rise to the bad debt deductions were obligations of Carbo-Oxy-gen Company which became partially worthless in the year 1936. Plaintiff, Sarah N. Benedum, held the Company’s first mortgage…