Coca-Cola Bottling Co. v. United States

These suits were brought by eight wholly-owned sub*21sidiary corporations of the Coca-Cola Company, engaged in the business of bottling and selling carbonated beverages, to recover Federal income taxes totaling $181,995.19, plus assessed interest and statutory interest, for the calendar years 1962, 1963, and 1964.1 The tax was paid as the result of the disallowance of investment credit which plaintiffs had claimed under Sections 38, 46, and 48 of the Internal Revenue Code of 1954,2 with respect to returnable glass bottles and returnable wooden or plastic cases that were purchased and put into…