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COM v. PROGRESS MFG. CO.

389 Pa. 600 (1957)

Commonwealth v. Progress Manufacturing Company, Appellant.

Supreme Court of Pennsylvania.

June 28, 1957.

Attorney(s) appearing for the Case

John Y. Scott, for appellant.

George W. Keitel, Deputy Attorney General, with him Thomas D. McBride, Attorney General, for appellee.

Before JONES, C.J., BELL, CHIDSEY, MUSMANNO, ARNOLD and JONES, JJ.

OPINION BY MR. JUSTICE MUSMANNO, June 28, 1957:

On August 2, 1954, the Department of Revenue accepted the capital stock report of the Progress Manufacturing Company, a Pennsylvania corporation, which announced its capital stock to be valued at $3,200,000, as appraised by the company's officers. On the basis of that valuation, the Department settled the tax at $15,753.54. The settlement was approved by the Auditor General on...

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