United States v. Boston Buick Co., 282 U.S. 476 (1931)

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United States v. Boston Buick Company


Nos. 42 and 43


Argued January 8, 9, 1931
Decided February 2, 1931
282 U.S. 476

CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE FIRST CIRCUIT

Syllabus

1. Interest on a credit allowed a taxpayer because of overpayment of income and excess profits taxes must be computed according to the statutory provision for interest in force at the time of such allowance. P. 478.

2. The allowance of credits in these cases was the Commissioner’s approval of the schedule of refunds and credits which had been forwarded to him by the Collector. United States v. Swift & Co., ante, p. 468. P. 478.

35 F.2d 560 affirmed.

Certiorari, 281 U.S. 709, to review affirmances of two recoveries by taxpayers in the district court (see 27 F.2d 395; 31 id. 628) in actions for interest upon overpayments of income and profits taxes. The overpayments had been applied as credits against taxes due for other years.