American Inv. Securities Co. v. United States

FORD, District Judge.

This is a suit to recover the sum of $5,-302 with interest, paid as capital stock excise taxes for the fiscal years ending June 30, 1933, 1934, 1935 and 1936. Claims for exemption from these taxes were duly filed on the ground that the petitioner (hereinafter called the “Securities Company”) was not doing business within the meaning of the applicable Revenue Acts during the period beginning June 16, 1933. The exemptions were denied, the taxes assessed and paid, claims for refund were filed and rejected, arid this suit followed.

The sole question involved is whether the…