STATE TAX COMMISSION v. AETNA LIFE INS. CO.


332 Mass. 395 (1955)

125 N.E.2d 318

STATE TAX COMMISSION vs. AETNA LIFE INSURANCE COMPANY.

Supreme Judicial Court of Massachusetts, Suffolk.

March 14, 1955.


Attorney(s) appearing for the Case

Harris A. Reynolds, Assistant Attorney General, (George Luftman with him,) for the State tax commission.

Richard Wait, for the taxpayer.

Present: QUA, C.J., RONAN, WILKINS, SPALDING, & WILLIAMS, JJ.


WILKINS, J.

The State tax commission appeals from a decision of the Appellate Tax Board granting an abatement to Aetna Life Insurance Company, a Connecticut corporation, upon a part of the taxes paid the Commonwealth under its 1952 excise tax return. G.L. (Ter. Ed.) c. 63, § 20, as appearing in St. 1943, c. 531, § 1. The parties are in agreement that Aetna is taxable on the basis of the net value of policies issued, or assumed, by it and in effect on

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