Pottstown Iron Co. v. United States

LITTLETON, Judge.

Under section 1019 of the Revenue Act of 1924, 43 Stat. 253, 346 (26 USCA § 153 note) interest on credits against additional assessments was payable from the date of overpayment to the date of the assessment of the additional tax against which credit was applied. The plaintiff contends that this ease falls within the provisions of this section.

Section 1116 of the Revenue Act of 1926, 44 Stat. 9, 119, section 153 note, tit. 26, US CA, changed the situation with reference to the payment of interest upon credits, Riverside & Dan River Cotton Mills, Inc., v. United States (Ct.…