Automatic Washer Co. v. United States

BOOTH, Chief Justice.

The plaintiff, a Delaware corporation, sues to recover the amount of stamp taxes, interest, and penalty alleged to have been exacted by the Commissioner of Internal Revenue without warrant of law. The facts have, been stipulated and no jurisdictional issue is involved.

The plaintiff is a successor corporation of the Automatic Electric Washer Company, *74incorporated under the laws of Iowa, and' the controversy to .be adjudicated revolves around a reorganization of the Iowa company. In this opinion, following the findings, we will designate the Iowa corporation as the “old…