Cardinal Life Insurance v. United States

MEMORANDUM OPINION

WILLIAM M. TAYLOR, Jr., District J udge.

Plaintiff Cardinal Life Insurance Company, of Lubbock, Texas, seeks to recover income tax and interest assessed against it in the amount of One Hunderd Twenty-Six Thousand Seven Hundred Fifty-Three and 37/100 Dollars ($126,753.37) for the taxable years 1955, 1956, 1958, 1959 and 1960 as follows:

1955 $ 3,329.46

1956 56,300.53

1958 22,594.83

1959 23,431.20

1960 21,097.35

TOTAL $126,753.37

This case was tried before the Honorable Joseph B. Dooley, and submitted to this Court upon the record by stipulation of the parties after the death of Judge…