Standard Oil Co. v. United States

GREEN, Judge.

Plaintiff brings this suit to recover $867,-834.22 which it alleges to be due for interest on overpayments made on its income and profits taxes for the years 1916 and 1917. The overpayments are admitted, and the parties agree that they were credited on deficiencies in the payment of other taxes due from the plaintiff. The controversy is mainly as to when the overpayments for 1917 were allowed, as that date is used in determining the amount of interest which should be paid plaintiff. More specifically, the issue is whether they were allowed when the act of 1924 was in force, as…