West Leechburg Steel Co. v. United States

LITTLETON, Judge.

The question is whether, for the purpose of the interest provisions, the credit of the overpayment for 1918 against the deficiency for 1917 “was .taken” while the Revenue Act of 1924 (43 Stat. 253) was in force or after the 1926 act (44 Stat. 9) became effective.

Section 1019 of the Revenue Act’ of 1924 (26 USCA § 153 note) provided that upon the allowance of a credit interest should be paid on the amount of such credit at the rate of 6 per cent, per annum from the date of the overpayment of the amount used as a credit to the due date of the amount against which the credit is…