Campbell-Fairbanks Expositions, Inc. v. United States

FORD, District Judge.

This is an action brought by the plaintiff corporation to recover surtaxes on undistributed profits for the period from January 1, 1936, to April 30, 1936, imposed by Section 14 of the Revenue Act of 1936, c. 690, 49 Stat. 1648. The applicable sections of the act are set out in the margin.1

The facts are as follows:

The plaintiff, ( Campbell-Fairbanks Expositions, Inc., is a Massachusetts corporation engaged in the business of promoting, *333holding, and supervising fairs and expositions. Up to and including the year 1935, the plaintiff kept its books of account and filed its…