Iberia Sugar Cooperative, Inc. v. United States

Appellant Iberia Sugar Cooperative, Inc., sued unsuccessfully in the court below for a refund of federal income taxes paid by it for its fiscal years ending March 31, 1963, and March 31, 1964. The facts are set out in detail in the district court’s Memorandum Opinion, 360 F.Supp. 967, and may be summarized as follows. Appellant is a corporation which during the years in issue was engaged in the cooperative processing and marketing of sugar cane. The marketing agreements between appellant and its members, each of whom was engaged in the production of sugar cane as either landlord or tenant,…