Allied Corp. v. South Carolina Tax Commission

Chandler, Justice:

Allied Corporation (Allied) brought this action to recover $215,968 of income taxes and interest paid under protest to the South Carolina Tax Commission (Tax Commission). The tax in dispute resulted from the Tax Commission’s dis-allowance of certain deductions claimed by Allied for tax years 1977, 1978 and 1979.

The Circuit Court concurred with the Tax Commission’s ruling.

We affirm.

FACTS

Allied is a multistate corporation dealing in the manufacture and sale of chemicals and synthetic fibers. For the years in dispute, 1977,1978 and 1979, it was also engaged in the exploration…