Blue Circle of Knoxville, Inc. v. Butler

In this case a taxpayer, Blue Circle of Knoxville, Inc., seeks to recover penalties and interest which accrued as the result of tax deficiencies assessed against it under the Sales and Use Tax Law, Chapter 30, Title 67 T.C.A., Section 3001 et seq.

In the bill the taxpayer sets forth that it has been assessed for tax deficiencies in the amount of $4,314.16 with interest in the amount of $387.04 and penalties, in the amount of $1,019.11 or a total amount of $5,720.31 for the taxable years 1958, 1959 and 1960. The assessment for additional tax liability is not questioned but the complainant seeks…