Associated Partnership I, Inc. v. Huddleston

889 S.W.2d 190 (1994)

ASSOCIATED PARTNERSHIP I, INC., Plaintiff-Appellant,

v.

Joe B. HUDDLESTON, Commissioner of Revenue, State of Tennessee, Defendant-Appellee.

Supreme Court of Tennessee, at Nashville.

October 17, 1994.

Rehearing Denied December 12, 1994.

James C. Gooch, Michael D. Sontag, Bass, Barry & Sims, Nashville, Kevin R. Conzelmann, John P. Oswald, Lord Day & Lord, Barrett Smith, New York City, for appellant.

Charles W. Burson, Atty. Gen. & Reporter, William E. Young, Asst. Atty. Gen., Nashville, for appellee.

OPINION

ANDERSON, Justice.

In this direct tax appeal, the Chancellor held that the…