American Bank & Trust Co. v. United States

WEST, District Judge.

REASONS FOR JUDGMENT

This case involves a claim by plaintiff, American Bank & Trust Company of Baton Rouge, Louisiana, against the United States of America, District Director of Internal Revenue, for refund of income taxes paid by it for the years 1952 and 1953. The case was submitted to the Court on an agreed stipulation of fact. These facts are as follows: For the taxable year 1952, the American Bank & Trust Company, hereinafter referred to as “the Bank”, paid Federal income taxes in the amount of $33,975.87. For the year 1953 the Bank paid Federal income taxes in the…