R. J. Reynolds Tobacco Co. v. Carson

This is a suit by the Tobacco Company to recover excise and franchise taxes, back assessed November 18, 1946, and paid under protest, for the years 1941 through 1945, in the sum of $54,362.17 with interest. The Chancellor rendered a decree for the Complainant for the taxes due for the year preceding July 1, 1941, on the ground that their back assessment and collection were barred by the 6-year Statute of Limitations, but held the Complainant liable for the taxes assessed for the years 1942 through 1945. From the parts of the decree that are adverse to their respective interests, both parties…