RYAN, District Judge.
This suit is to recover income tax plus interest paid by plaintiff on September 6, 1948 on a deficiency assessment levied against plaintiff's income for the fiscal year ended September 30, 1942. This deficiency resulted from the disallowance of a credit claimed under 26 U.S. C.A. § 131, I.R.C., for income or excess profits taxes "paid or accrued * * * to any foreign country".
During its 1942 fiscal year all the income of plaintiff...
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