Ransom & Randolph Co. v. Evatt

This appeal presents the single question: Was the decision of the Board of Tax Appeals affirming the determination of the Tax Commissioner in assessing appellant’s accounts and notes receivable used in and arising out of appellant’s business transacted in Indiana and Michigan reasonable and lawful? In other words, the main question is whether these intangibles have a business situs in or out of this state.

It was the finding of the Board of Tax Appeals that the current accounts and notes receivable here in question which accrued to the appellant in the conduct of its business in the states of…