Central Coloso, Inc. v. Domenech

delivered tlie opinion of the court.

This is an action to recover taxes paid. The plaintiff., Central Coloso, Inc., is a corporation organized in accordance with the laws of this island, engaged in planting and grinding cane and in the manufacture of sugar. It borrowed a large sum from the Irving Bank Columbia Trust Co., a hanking institution with its main office in the city of New York, and paid interest on the same during the year 1924. The public deed which definitely legalized the transaction was executed in San Juan, Puerto Rico, Charles W. Fowler representing the bank. After the…