Ayers v. State Tax Commission

This is the taxpayer’s appeal from a decision of the Appellate Tax Board denying the taxpayer’s application for abatement of a tax on income received in 1958, assessed under G. L. c. 62, § 5 (c), as amended through *133St. 1957, c. 540, § 1.1 The case was heard before the board on a statement of agreed facts.

On December 12, 1958, the taxpayer owned 735 shares of nonvoting common stock of The Great Atlantic & Pacific Tea Company, Inc. a Maryland corporation. On that day, pursuant to articles of merger, The New York Great Atlantic & Pacific Tea Company, Inc. (the New York corporation) was merged…