1. Home
  2. Browse Decisions
  3. N.J.
  4. 104 N.J.
  5. 104 N.J. Super. 322 (1969)
 

AM. RAD. AND STD. SAN. CORP. v. DIR., N.J. DIV.

104 N.J. Super. 322 (1969)

250 A.2d 34

AMERICAN RADIATOR AND STANDARD SANITARY CORPORATION, PETITIONER-RESPONDENT, v. DIRECTOR, DIVISION OF TAXATION OF THE STATE OF NEW JERSEY, RESPONDENT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided February 3, 1969.

Attorney(s) appearing for the Case

Mr. Charles H. Landesman, Deputy Attorney General, argued the cause for appellant (Mr. Arthur J. Sills, Attorney General, attorney; Mr. Elias Abelson, Deputy Attorney General, of counsel).

Mr. Raymond J. Lamb argued the cause for respondent (Messrs. Lamb, Blake, Hutchinson & Dunne, attorneys).

Before Judges CONFORD, KILKENNY and LEONARD.

PER CURIAM.

We agree with the determination of the Division of Tax Appeals that in recasting the taxpayer's book inventory for corporate franchise tax purposes the Director of the Division of Taxation was required, as a matter of sound accounting principles, under the unrefuted expert proofs, to allow a reserve for liability for the increased federal income taxes which would have been incurred by the company if such a change in inventories had actually been reflected...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases