Clarke v. State

SIMPSON, Justice.

Appeal by taxpayers from a decree of the circuit court, in equity, sustaining the State’s demurrer to their bill filed under the appeal procedure from an assessment of income tax by the State Department of Revenue against them.

The bill substantially shows: Appellants had filed with the Department of Revenue on or about March 15, 1944, a state income tax return for the calendar year 1943, showing income of $96,699.98 and total deductions of $64,013.94, computed on an ac-cruel basis, leaving a net income for tax computation of $32,686.04. Figured in the deductions to produce…