Buchanan v. State

SIMPSON, Justice.

This case was originally assigned to another Justice and transferred to writer on September 9, 1962 for study and preparation of the opinion.'

R. W. Buchanan (appellant) filed an appeal in the court below under § 140, Title 51, of the Code of Alabama of 1940, from a final assessment of additional income tax in ..the amount of $2,557.79. The assessment’ arose from the Revenue Department’s having added as taxable income to the 1959 income of appellant R. .W. Buchanan the.sum of $51,773.17, received by appellant. on March. 31, 1959 as .a liquidating dividend .of a domestic…