Meyersdale Fuel Co. v. United States

LITTLETON, Judge.

Plaintiff brings this suit to recover $76,-551.06 alleged to represent the balance of an overpayment of income and profits tax due it for 1920 resulting from the filing of a consolidated return for that year for itself and three other corporations known as the Franklin Gas Coal Company, the Smokeless Quemahoning Coal Company, and the Randolph Coal Company. The consolidated return was filed in plaintiff’s name, and the total tax shown thereon upon the consolidated net income of all of the corporations amounting to $109,639.03 was paid in four installments to the collector of…