In re Assessment of Taxes, Laupahoehoe Sugar Co.

*207OPINION OF THE COURT BY

WILDER, J.

These are appeals by the tax assessor from decisions of the tax appeal court of the first taxation division refusing to sustain his assessments of the income of the above named plantation corporations for the taxation period between July 1, 1905, and January 1, 1906. At the conclusion of the argument the decisions aj^iealed from were affirmed from the bench.

The income tax law (Ch. 99, E. L.), prior to its amendment by Act 81 of the Laws of 1905, provided that the yearly taxation period should be the twelve months preceding July 1. By the amendment the yearly…