Case: AMERICAN HIDE & LEATHER CO. v. THE UNITED STATES
Abbreviation: American Hide & Leather Co. v. United States
Decision Date: 1932-06-06
Docket Number: No. J-555
Citation: 75 Ct. Cl. 393
Volume: 75
Reporter: United States Court of Claims Reports
Court: United States Court of Claims
Jurisdiction: United States
Parties: AMERICAN HIDE & LEATHER CO. v. THE UNITED STATES
Judges: 
Pages: 393–395

Head Matter:
AMERICAN HIDE & LEATHER CO. v. THE UNITED STATES
[No. J-555.
Decided June 6, 1932]
Messrs. George E. Hamilton and William E. Hayes for the plaintiff. Hamilton <S¡ Hamilton, and Hayes da Hayes were on the brief.
Messrs. Assistant Attorney General Charles B. Rugg and George H. Foster for the defendant.

Opinion:
MEMORÁNDUM AND JUDGMENT BY THE COURT
This case came on for hearing on the mandate of the Supreme Court reversing the judgment of this court dismissing the petition, 71 C. Cls. 114, and plaintiff's motion for judgment of $590,451.19 for the taxable fiscal period Jantiary 1 to June 30, 1918, with interest at 6 per centum per annum from 1919, and defendant's reply to plaintiff's motion accompanied by a recomputation showing no overpayment for the taxable period in question.
Upon consideration of the mandate of the Supreme Court, the original record in the case, plaintiff's motion for judgment, and the defendant's recomputation and reply to plaintiff's motion, the court finds the following facts: (1) The correct net taxable income of plaintiff for the fiscal taxable period January 1 to June 30, 1918, was $1,826,611.94; (2) its correct invested capital for this period was $22,584,-154.24; (3) plaintiff's correct income and profits tax liability for the fiscal period January 1 to June 30,1918, was $708,-068.47; (4) the total tax paid by plaintiff for the calendar year 1918 was $1,246,271.24; (5) plaintiff overpaid its income and profits tax for the fiscal period January 1 to June 30, 1918, in the amount of $538,202.77; (6) the amount of $94,835.16 of this overpayment has been refunded with interest; (7) the correct overpayment of tax for which the plaintiff is entitled to judgment with interest on the mandate of the Supreme Court is $443,367.61; and (8) the recompu-tation filed by the plaintiff and the recomputation filed by the defendant are part of the record in this case and are made a part of this finding by reference; wherefore,
It is ORdeeed, adjudged and decreed that the plaintiff recover of and from the United States four hundred forty-three thousand three hundred sixty-seven dollars and sixty-one cents ($443,367.61) with interest at 6 per centum per annum on $5,731.33 from December 24, 1920; on $296,861.16 from September 15, 1920; and on $140,775.12 from June 26, 1920, to such date as the Commissioner of Internal Revenue may determine in accordance with" the provisions of section 177 (b) of the Judicial Code, as amended by section 615 of the revenue act of 1928.