LASSER, P.J.T.C.
Plaintiff, Mobil Oil Corporation ("Mobil"), seeks review of a final determination by the Director, Division of Taxation ("Director"), with respect to its 1980 corporation business tax return. N.J.S.A. 54:10A-1 et seq. The Director required Mobil to include certain capital gain income in its "adjusted entire net income," resulting in higher corporation business tax ("CBT") liability. This capital gain was derived from Mobil's sale of...
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