Colt Industries, Inc. v. New York City Department Finance

OPINION OF THE COURT

Sandler, J. P.

In this CPLR article 78 proceeding to review a decision of the New York City Department of Finance (Department) issued after a statutory hearing, petitioner, Colt Industries, Inc. (Colt), seeks reversal of two final determinations, one assessing against petitioner a general corporation tax deficiency in the principal amount of $759,008, plus interest of $463,722.33 to July 31, 1983, a total of $1,222,730.33 for 1972, 1973 and 1974, and the second, denying petitioner’s claim for a refund of general corporation tax for 1971 in the amount of $6,586.82.

The single…