Citizens' Bank of Lafourche v. Miller-Link Lumber Co.

ESTES, District Judge.

I quote from the brief of the receivers the following statement, which appears to be uncontroverted, with respect to the facts involved:

“On April 12,1918, the Orange Maritime Corporation filed with the federal internal revenue collector of this district its income tax and excess profits tax returns for the year 1917. In its income tax return it listed among items deductible from its gross income the following:

Donations and subscriptions $585.95

Subscribed by employés to Red Cross 11.00

“The government disallowed these deductions and increased its net income by those…