Central Trust Co. v. Howard

The plaintiff seeks by this suit in equity to enjoin the collection of additional excise taxes by the sale of certain of its bonds seized by the defendant as constable under warrants issued to him by the commissioner of corporations and taxation. Because the net income of the plaintiff as returned to the Federal government has been increased for the several years in question, these taxes for those years were assessed on October 15, 1929, under G. L. c. 63, § 36, on that increased income. Demand was made for the payment of these additional taxes on, or about June 18, 1930. The plaintiff did…