Legal Opinion
General Trading Co. v. Taxation Div. Director
Supreme Court of New Jersey
Decided June 19, 1980PublishedCited by 96 opinions
1Opinion of the Court
The opinion of the Court was delivered by
WILENTZ, C. J.
This extended controversy between the Director of the Division of Taxation (“Director”) and respondent, General Trading Co., Inc. (“the taxpayer”), involves the effect on tax liability of a taxpayer’s ignorance of the tax consequences resulting from a corporate decision that had no apparent business purpose, brought no advantage to the taxpayer and caused no detriment or disadvantage to the State. Particularly at issue is the validity of a deficiency assessment levied under the Corporation Business Tax Act (N.J.S.A. 54:10A-1 et seq.) and…
2Cases cited18 opinions
- Commissioner v. National Alfalfa Dehydrating & Milling Co.Supreme Court of the United States · 1974
- Peper v. Princeton University Board of TrusteesSupreme Court of New Jersey · 1978
- Hackensack Water Co. v. Division of Tax AppealsSupreme Court of New Jersey · 1949
- Boys' Club of Clifton, Inc. v. Township of JeffersonSupreme Court of New Jersey · 1977
- Clairol, Inc. v. KingsleyNew Jersey Superior Court Appellate Division · 1970
13 more not listed; retrieve them via the Exa API.
3Cited by96 opinions
- Richard's Auto City, Inc. v. Director, Division of TaxationSupreme Court of New Jersey · 1995
- Schneider v. City of East OrangeNew Jersey Superior Court Appellate Division · 1984
- FMC Stores Co. v. Boro. of Morris PlainsNew Jersey Superior Court Appellate Division · 1984
- County of Essex v. City of East OrangeNew Jersey Superior Court Appellate Division · 1987
- Powder Mill I Associates v. Township of HamiltonNew Jersey Tax Court · 1981
91 more not listed; retrieve them via the Exa API.