WHITE v. RODEN ELEC. SUPPLY CO., INC.


536 S.W.2d 346 (1976)

Gilbert WHITE, Director of Finance, City of Knoxville and Jayne Ann Woods, Commissioner of Revenue, State of Tennessee, Appellants, v. RODEN ELECTRICAL SUPPLY COMPANY, INC., Appellee.

Supreme Court of Tennessee.

April 26, 1976.


Attorney(s) appearing for the Case

R.A. Ashley, Jr., Atty. Gen., William J. Haynes, Jr., Asst. Atty. Gen., Nashville, for appellants.

W.L. Ambrose, Jr., Ambrose, Wilson, Lockridge & Grimm, Knoxville, for appellee.


OPINION

FONES, Justice.

The issue presented here is whether appellee taxpayer forfeits an otherwise valid tax credit under T.C.A. § 67-5814 because of a delinquent filing of its business tax return.

We affirm the Chancellor's decision that the tax credit is not forfeited and was improperly denied by the taxing authority.

On February 14, 1975, appellee filed its business tax return for the taxable year ending November 30, 1974. Appellee...

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