Combustion Engineering Company v. McFarland

Appellant brought this suit to recover $14,241.13, consisting of two items: penalty $10,230.33, interest $4,-010.80, assessed against it for tax deficiencies determined by the Department of Revenue to be owing by the complainant for the period beginning January 1, 1954, through May 31, 1959. The Chancellor heard the suit on stipulated facts and denied complainant relief except on one item which, will he referred to hereinafter.

Both parties have appealed and assigned error to that part of the decree adverse to each.

The first five assignments of error by appellant raise this question: Is…