People ex rel. Claire Belle Dresses, Inc. v. State Tax Commission

A domestic corporation, the Claire Belle Dresses, Inc., was organized in November, 1917, to manufacture women’s dresses. It began and did business. Under date of July 1, 1919, while still doing business, it made its report for the franchise tax pursuant to article 9-A of the Tax Law (§ 211, added by Laws of 1917, chap. 726, as amd. by Laws of 1919, chap. 628; since amd.), showing that its net income for the year ending October 31, 1918, was $28,124.43. The tax for the year beginning November 1,1919, was thereupon assessed and payment in advance demanded. On December 31, 1919, the tax was paid…