LANRAO, INC. v. UNITED STATES

Civ. A. No. 4997.

288 F.Supp. 464 (1968)

LANRAO, INC. v. UNITED STATES of America.

United States District Court E. D. Tennessee, S. D.

August 21, 1968.


Attorney(s) appearing for the Case

M. E. Kilpatrick, Atlanta, Ga., Chambliss, Hodge, Bahner & Crawford, Chattanooga, Tenn., for plaintiff.

Mitchell Rogovin, Myron C. Baum and Benjamin A. Douglas, Department of Justice, Washington, D. C., J. H. Reddy, Thomas A. Williams, Chattanooga, Tenn., for defendant.


OPINION

FRANK W. WILSON, District Judge.

This is an action to recover federal income tax in the sum of $81,620.13, plus interest, which the plaintiff taxpayer contends has been erroneously collected by the Government. All relevant facts in the case have been stipulated. The single issue presented is whether, in a corporate liquidation made pursuant to the provisions of § 337 of the Internal Revenue Code of 1954 (26 U.S.C.A. § 337), expenses incurred...

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