RAGLAND v. TRAVENOL LABORATORIES, INC.

No. 85-4.

689 S.W.2d 349 (1985)

286 Ark. 33

Charles D. RAGLAND, Commissioner of Revenues, Appellant, v. TRAVENOL LABORATORIES, INC., Appellee.

Supreme Court of Arkansas.

Rehearing Denied June 17, 1985.


Attorney(s) appearing for the Case

Michael D. Munns, Little Rock, for appellant.

Smith, Smith & Duke, Little Rock, Griffin Smith, Jr., Mountain Home, for appellee.


GEORGE ROSE SMITH, Justice.

In March, 1982, the State Revenue Commissioner audited the books of the appellee, Travenol Laboratories, with regard to its possible liability for the state use tax (compensating tax) for the period from January 1, 1978, through August 31, 1981. The audit resulted in the assessment of a deficiency for the period in question. Travenol paid the amount assessed and brought this suit to recover that part of the tax levied for the first 14 months...

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