Belk Department Stores v. Taylor

259 S.C. 174 (1972)

191 S.E.2d 144

The BELK DEPARTMENT STORES, Respondent,

v.

Frank L. TAYLOR, Sr., et al., Appellants.

19459

Supreme Court of South Carolina.

July 31, 1972.

Messrs. Daniel R. McLeod, Atty. Gen., Joe L. Allen, Jr., and G. Lewis Argoe, Jr., Asst. Attys. Gen., of Columbia, for Appellants.

Messrs. William L. Pope, of Robinson, McFadden, Moore & Pope, Columbia, and David M. McConnell, Charlotte, N.C. for Respondent.

July 31, 1972.

LEWIS, Justice:

The issues concern the inventory value of respondent's stock of merchandise for tax purposes for the 1970 tax year, admittedly to be determined as…