Monaghan v. Reliance Manufacturing Co.

This is an appeal from a final decree of the Chancery Court of the First Judicial District of Hinds County cancelling and vacating an assessment against the' appellee of additional income taxes alleged to be due the State of Mississippi for the year 1956 in the sum of $4,288.78, plus interest from March 15, 1957, made by the Income Tax Division of the State Tax Commission on October 21,1957, and affirmed by the State Tax Commission by its order entered June 2, 1958.

The facts are stipulated. The appellee, Reliance Manufacturing Company, is a corporation organized and existing under the laws of…