MEMORANDUM
SPENCER, District Judge.
This matter is before the Court on the Parties' cross-motions for partial summary judgment. The issue presented is whether the Plaintiff's Policyholders Surplus Account was taxable in the short taxable year ended April 29, 1986.
FACTS
The Plaintiff, GE Life and Annuity Assurance Company is a stock life insurance company domiciled in and...
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