Bank of Commerce & Trust Co. v. McCabe

The bill herein was filed to recover certain taxes paid under protest exactéd by the Commissioner of Finance and Taxation under the Hall Income Tax Law, chapter 86, Acts of 1929. The Chancellor granted the relief prayed for, and the Commissioner has appealed and assigned the decree of the Chancellor for error.

The complainant is a Tennessee corporation, with its situs at Memphis. It is the duly appointed and qualified guardian and trustee of certain nonresident minors and beneficiaries, and as such received certain incomes on stocks-and bonds, on which taxes were paid as stated above. There is…