Shackleford v. Olsen

OPINION

HARBISON, Justice.

Appellees brought this action to recover from the appellant Commissioner certain taxes paid under protest pursuant to the Hall Income Tax Law, T.C.A. §§ 67-2-101 to 121.1 The amount in controversy is $459.58 representing taxes, penalty and interest assessed by the Commissioner upon interest income in the sum of $6,680.03 earned by the taxpayers upon nine instruments of indebtedness issued at various times between 1970 and 1979 by the Crown Enterprises, Incorporated. Appellee J.M. Shackleford is a retired employee of a corporation affiliated with that company. He has…