Tax Review Board v. Brine Corp.

Opinion by

Mr. Justice Cohen,

Appellant, Brine Corporation (Brine) was organized January 17, 1944, under the Pennsylvania Business Corporation Law. Its stated purposes are: “Parking, storing, servicing and repairing automobiles and motor vehicles, and the sale of gasoline, oils, tires, automobile accessories, etc.; and the buying, leasing, acquiring, holding and selling buildings and real estate for such purposes, and the transaction of all and any other business that may be necessary or incidental thereto.”

Between 1944 and 1956 Brine acquired eleven properties: seven parking lots, two closed…