State Tax Commission v. John Hancock Mutual Life Insurance

This is an appeal by the State Tax Commission (commission) from a decision of the Appellate Tax Board (board) abating a portion of the life insurance premium excise tax assessed against and paid by the John Hancock Mutual Life Insurance Company (taxpayer) for the year 1963 1 under G. L. c. 63, § 20, as *126amended through St. 1960, c. 558, § 4.2 The case was submitted to the board for decision on the basis of facts stipulated by the parties in writing plus thirty-two documentary exhibits submitted by agreement of the parties at the hearing before the board. The board’s original decision was made…