General Box Co. v. Scurlock

This is a suit brought by the appellant to recover state income taxes, paid under protest, for the years 1950 and 1951. The taxpayer does business both within and without the State of Arkansas; this dispute centers upon the method that is to be used in determining the company’s taxable Arkansas income. The appellant contends that its local profits are correctly reflected by its accounting system. So computed, the tax for 1950 would be $226.83; and there would be no tax due for 1951, as the books show an operating loss in Arkansas for that year. The appellee, the Commissioner of Revenues,…