Legal Opinion
Western Maryland Railway Company v. United States
District Court, D. Maryland
Decided May 18, 1955No. Civ. 6631, 6704, 7549PublishedCited by 9 opinions
1Opinion of the Court
THOMSEN, District Judge.
These three actions for refund of corporate excess profits taxes and interest paid by plaintiff for the years 1943, 1944 and 1945, following .assessment of additional faxes by the' Commissioner of Internal Revenue, have been .consolidated for trial. In arriving at profits subject to excess profits tax during those years, the law allowed certain alternative credits to taxpayers. I.R.C. of 1939, 26 U.S. C.A. § 710 et seq. Plaintiff elected to base its credit on stated percentages of its “invested capital”, which included “equity invested capital” and “borrowed invested…
2Cases cited40 opinions
- Lewis v. ReynoldsSupreme Court of the United States · 1932
- Northern Pacific Railway Co. v. BoydSupreme Court of the United States · 1913
- Stone v. WhiteSupreme Court of the United States · 1937
- LaBelle Iron Works v. United StatesSupreme Court of the United States · 1921
- Reinecke v. SpaldingSupreme Court of the United States · 1930
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3Cited by9 opinions
- Samuel C. Dysart and Alma R. Dysart v. The United StatesUnited States Court of Claims · 1965
- Missouri Pacific Railroad Company v. The United StatesUnited States Court of Claims · 1964
- Frank Erickson and Amelia Erickson v. The United StatesUnited States Court of Claims · 1962
- Nannie v. Compton v. United States of AmericaCourt of Appeals for the Fourth Circuit · 1964
- Zeeman v. United StatesDistrict Court, S.D. New York · 1967
4 more not listed; retrieve them via the Exa API.