New York Life Ins. v. Edwards

MACK, Circuit Judge.

The plaintiff, a mutual life insurance company organized under the laws of the state- of New York and operated on the mutual level premium plan, sues to recover the sum of $89,705.33, alleged to have been erroneously -assessed *281and collected for the year 1913, under the provision of section 2, G (a) (b), of the Revenue Act of 1913, 38 Stat. 114, 172, 173, the pertinent portions of which appear in the footnote.1 The principal facts have been stipulated.

1. The plaintiff contends that $81,-899.18 of the amount of tax in question was erroneously assessed by reason of the fact…