Weber Paper Co. v. United States

GIBSON, District Judge.

This matter came on for trial before the Court without a jury on November 20-21, 1961 on a complaint filed by plaintiff by which plaintiff seeks a refund on its corporate income taxes paid by it for the taxable years of 1956, 1957, and 1958. The sole issue in the case is whether certain amounts deducted by plaintiff as ordinary and necessary business expenses qualified as such and were “insurance premiums” as defined by Section 162 of the Internal Revenue Code of 1954, 26 U.S.C. § 162 and the regulations issued pursuant thereto. The Court, having considered the…