Commonwealth v. Pennsylvania Manufacturers' Ass'n Casualty Insurance

Opinion by

Mr. Justice Cohen,

Appellant in No. 27, the Pennsylvania Manufacturers’ Association Casualty Insurance Company, duly filed its Capital Stock Tax Report for the year ending December 31, 1954, with the Pennsylvania Department of Revenue and showed therein a capital stock value of $750,000. Settlement was thereafter made by the Board of Finance and Revenue placing a value of $8,-500,000 on the company’s capital stock. On appeal to the Court of Common Pleas of Dauphin County, this value was increased to $9,500,000.

Appellant’s main contention is that certain reserves maintained by it…