Commonwealth v. Kentucky Heating Co.

*49Dissenting Opinion sy

Judge O'akroll.

The opinion of the court holds (1) that intangible property, such as cash, bonds, and stocks, which a corporation omits to list in its report, cannot be assessed as omitted property by the state at the suit of a revenue agent; and (2) that such omission should be treated merely as an under-valuation of its intangible property by the corporation, and hence the omitted property cannot be assessed by the state at the suit of a revenue agent.

I do not agree to either of these propositions, and as the questions involved are of public interest, I think it proper…