Signal Thread Company v. King

This case presents the question whether Signal Thread Company was doing business during the tax years involved “in Tennessee and elsewhere”, so as to entitle it to use the apportionment formula for excise and franchise tax set forth in T.C.A. secs. 67-2708 and 67-2914. *244The Chancellor found appellant was -not doing business elsewhere and dismissed its suit to recover the portion of these taxes appellant had claimed were due to business done elsewhere, and appellant has appealed assigning this ’ action as error.

The case was tried on a stipulation of fact which in pertinent part is as follows:

“V.…