Legal Opinion
Ladish Company, a Corporation v. United States
Court of Appeals for the Seventh Circuit
Decided April 27, 1962No. 13505PublishedCited by 2 opinions
1Opinion of the Court
KILEY, Circuit Judge.
Plaintiff, a Wisconsin corporation, seeks a refund of $14,864.30, part of the tax paid by it for the year 1951 under the Excess Profits Tax Act of 1950. 1 The District Court dismissed the suit and plaintiff has appealed.
The Excess Profits Tax Act of 1950 was adopted in aid of prosecution of the Korean War. In it Congress selected for the additional tax, corporations whose profits were higher because of the large military budget due to the conflict. H.R. Rep. No. 3142, 2 U.S.Code Cong.Serv., pp. 4027-4028 (1950). The Act provides for a “credit” representing what would be…
2Cases cited11 opinions
- Security Flour Mills Co. v. CommissionerSupreme Court of the United States · 1944
- Dixie Pine Products Co. v. CommissionerSupreme Court of the United States · 1944
- Fawcus MacHine Co. v. United StatesSupreme Court of the United States · 1931
- Lewyt Corp. v. CommissionerSupreme Court of the United States · 1955
- Commissioner of Internal Revenue v. Fifth Avenue Coach Lines, Inc., Fifth Avenue Coach Lines, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1960
6 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- E. I. Dupont De Nemours and Company v. The United StatesUnited States Court of Claims · 1965
- Indianapolis Morris Plan Corp. v. United StatesUnited States Court of Claims · 1983