Pullman Trust & Savings Bank, an Illinois Corporation v. United States

This is an action brought by Pullman Trust & Savings Bank (Chicago, Illinois), appellee, against United States of America, appellant, for the recovery of certain corporate income taxes paid by the bank for the taxable years 1955 and 1956.

The Commissioner of Internal Revenue had determined deficiencies based upon the disallowance of deductions claimed for additions to the bank’s bad debt reserve in those years. The bank paid the deficiencies assessed, with interest, and instituted this action for refund.

The bank’s claims for recovery were based upon its assertion that its original'…