Electric Power Board v. Woods

OPINION

HENRY, Justice.

This is a suit brought under § 67-2305, T.C.A., to recover disallowed vendors’ compensation, interest and penalties incurred by a taxpayer for delinquent payment of sales tax. Upon the dismissal of its complaint by the lower court, the taxpayer perfected an appeal to this Court.

Two basic issues are raised in this suit: (1) whether the taxpayer-appellant is liable for the penalties imposed and (2) if so, whether under the facts of this case the taxpayer is entitled to equitable relief from those penalties.

I

Taxpayer-appellant is the Electric Power Board of the Metropolitan…