¶1Taxes; accumulated earnings tax; interest. — Plaintiff seeks to recover interest paid on accumulated earnings tax assessments, the issue involved being the date from which interest shall be computed under section 531 of the 1954 Internal Revenue Code. This case comes before the court on plaintiff’s motion for judgment on the pleadings and on defendant’s motion for summary judgment, having been submitted to the court on the briefs of the parties and oral argument of counsel. Upon consideration thereof, on the authority of Motor Fuel Carriers, Inc. v. United States, 190 Ct. Cl. 385, 420 F. 2d 702 (1970) and Ray E. Loper Lumber Co. v. United States, 444 F. 2d 301 (6th Cir.1971), the court concludes that plaintiff is entitled to recover. On October 22, 1971, by order, the court denied defendant’s motion for summary judgment, granted plaintiff’s motion for judgment on the pleadings, and entered judgment for plaintiff with the *773amount of recovery to be determined pursuant to Rule 131 (c) (2). On January 7, 1972 the court entered judgment for plaintiff for $28,980.33 plus statutory interest as provided by law.
196 Ct. Cl. 772
Chatham Corp.
Decided January 7, 1972
United States Court of Claims · decided 1972-01-07
Cited by 1 later decisions — most recently February 1972
Relies on Motor Fuel Carriers, Inc. v. United States · Ray E. Loper Lumber Company, Inc. v. United States of America, W. P. Brown and Son Lumber Company v. United States of America, Brown Lumber Company v. United States of America, the Mobile and Gulf Railroad Company v. United States
Good law ✅— No negative treatment on recordhow we know
Decided 1972-01-07
View the full empirical analysis of this case →