Cook, Comm. of Revenues v. Wofford, Chancellor

The Coca-Cola Bottling Company, hereinafter referred to as the Company, is a domestic corporation with its principal place of business in the city of Ft. Smith. Pursuant to the requirements of the 1929 income tax act (Act 118 of the Acts of 1929, p. 573 et seq.) the Company filed its income tax return for the year 1943, and paid the taxes shown to be due on said return. In 1945, the Commissioner of Revenues made an examination and audit of said return and on October 19, 1945, issued to the Company a deficiency letter setting up a deficiency of $4,974.59 in the payment of taxes due by the…