Tonka Corporation v. Commissioner of Taxation

Frank T. Gallagher, Justice.

Certiorari to review an order of the Minnesota Tax Court reversing three orders of the commissioner of taxation and granting respondent’s claims for refunds on its corporate income tax.

Tonka Corporation is a publicly held corporation organized under the laws of the State of Minnesota and is engaged in the manufacture and sale of toy metal vehicles. It has its principal business office in Mound, Minnesota.

Tonka filed timely Minnesota corporate income tax returns for the fiscal years ending on June 30 of 1961, 1962, and 1963. In these returns, Tonka computed its tax…