William B. Scaife & Sons Co. v. Driscoll

BIGGS, Circuit Judge.

Upon July 29, 1936, the appellant, a manufacturing corporation doing business in a suburb of Pittsburgh, filed with the collector of internal revenue at Pittsburgh its capital stock return to serve as a basis for capital stock tax and excess profits tax, in which the value of the appellant’s capital stock was stated by it to be $600,000. On the 3rd day of September, 1936, according to the allegations of the bill of complaint, it was discovered by the appellant’s officers, that the statement of valuation made upon the return referred to was incorrect “due to an inadvertent…