State v. Cushing Grocery Co.

This cause of action was instituted by the tax ferret of Payne county before the county treasurer, wherein it was sought to levy an additonal assessment against the Cushing Grocery Company, a corporation, defendant in error herein and defendant below. The additional assessment was divided over the tax years of 1928, 1924, and 1925.

The proceedings sought an assessment for each of the three tax years in the amount of $125 000, total value of capital, surplus, and undivided profits, less deductions for property assessed and paid, leaving a net assessment of $78 000 claimed for each year.

The…