Century Transit Co. v. United States

MADDEN, District Judge.

This is an income tax matter wherein plaintiff, Century Transit Co., a corporation of the State of New Jersey, with its principal place of business in Camden, New Jersey, hereinafter known as Century, having filed its income tax returns for the years in question with the Collector of Internal Revenue, at Camden, New Jersey, sues to recover income tax, declared value excess profits tax, and excess profits tax assessed against it for the years 1939, 1940,1941.

On January 18, 1943, the Commissioner of Internal Revenue determined deficiencies and Century’s tax liability for…