Realty Bond & Mortgage Co. v. United States

WILLIAMS, Judge.

The plaintiff, a Delaware corporation, seeks to recover an alleged overpayment of income taxes for the year 1930, in the sum of $2,142.74, with interest. The facts disclose that during the year 1930 subscribers to plaintiff’s capital stock, who in previous years had made payments on their subscriptions amounting to $28,351.-89, defaulted in meeting remaining payments due;- that upon such default the subscription agreements upon wüich delinquent payments were due, together with the amounts previously paid on such agreements, $28,351.89, were declared forfeited to the plaintiff;…