Legal Opinion
Atlantic Life Ins. Co. v. Moncure
District Court, E.D. Virginia
Decided October 7, 1929PublishedCited by 2 opinions
1Opinion of the Court
GRONER, District Judge.
Plaintiff in this action seeks recovery of excess profits taxes assessed and collected for the calendar year 1917 in the sum of $15,882.44, under the provisions of the Revenue Act of October 3, 1917 (40 Stat. 300), on the ground that its legal reserve as of December 31, 1916, constituted invested capital as that term is defined by Congress in section 207 of said Revenue Act of 1917, and that the amount of said legal reserve was erroneously excluded from plaintiff’s invested capital by the Commissioner of Internal Revenue in computing plaintiff’s excess profits tax for…
2Cases cited5 opinions
- Napier v. Atlantic Coast Line RailroadSupreme Court of the United States · 1926
- LaBelle Iron Works v. United StatesSupreme Court of the United States · 1921
- Penn Mutual Life Insurance v. LedererSupreme Court of the United States · 1920
- Fasulo v. United StatesSupreme Court of the United States · 1926
- Duffy v. Mutual Benefit Life InsuranceSupreme Court of the United States · 1926
3Cited by2 opinions
- Driscoll v. Washington County Fire Ins.Court of Appeals for the Third Circuit · 1940
- Commissioner of Int. Rev. v. National Grange Mut. L. Co.Court of Appeals for the First Circuit · 1935