Allied Building Credits, Inc. v. State Tax Commission

The appellant (Allied) appealed to the Appellate Tax Board (the board) from the refusal of the State Tax Commission to abate a corporate excise tax assessed against it for the year 1955. The board decided that the refusal to abate was right. Allied’s appeal to this court presents the issue whether error was shown in respect of the action of the Commissioner of Corporations and Taxation in determining for purposes of G. L. c. 63, § 30, cl. 4, and § 39, the amount of a foreign corporation’s intangible *504assets employed in any business within the Commonwealth by applying the formula which is…