Union Bleachery v. United States

PARKER, Circuit Judge.

This is an appeal in an action instituted to recover a portion of the income and excess profits taxes paid by a corporate taxpayer for the years 1916 to 1919 inclusive. The judge below, who heard the case without a jury, made specific findings of fact in 24 separately numbered paragraphs and stated fully and specifically his conclusions as to the law governing the case. He found that the plaintiff, the Union Bleachery, on July 1, 1922, had succeeded to the rights and assets of its predecessor corporation, the Union Bleaching & Finishing Company; that the net income of…