Sheils v. State Tax Commission

Appeal from a judgment of the Supreme Court at Special Term, entered August 22, 1978 in Albany County, which dismissed petitioners’ application in a proceeding pursuant to CPLR article 78, to vacate three determinations of the respondent State Tax Commission. The facts of this matter are uncontested. Petitioners James Sheils, William Gregory and George Gregory were partners in a stock brokerage firm during the tax years in question. The partnership sustained heavy business losses in 1969. Thereafter, the partnership members and their wives filed amended returns applying for Federal and New…