W. H. Bradford & Co. v. United States

LITTLETON, Judge.

In this action plaintiff seeks to have the court reduce the net income of $612,493.50, as found by the Commissioner of Internal Revenue in granting special assessment, by the amount of $38,341.72, claimed as a loss or worthless debt deduction, and then apply to the changed net income the profits tax rate of 34.162 per cent, determined and employed by the Commissioner in Ms computation, and, upon such computation of plaintiff’s income and profits tax, enter judgment for an overpayment of $15,615.05.

The defendant contends that the court is without jurisdiction to inquire into…