Commonwealth v. Imperial Woolen Co.

Opinion by

Mr. Justice Schaffer,

Appellant’s counsel state the question involved on this appeal to be: Does section 17 of the Act of June 17, 1913, P. L. 507, as amended by the Act of July 15,1919, P. L. 955, impose a tax for state purposes upon accounts which are recorded on the books of a corporation and on which it pays interest, but which are not evidenced by any paper, document, credit memorandum, written acknowledgment or any substitute therefor, given by the debtor corporation to its creditor? The learned president judge of the court below, whose experience in and familiarity with…