Clark Equipment Company v. Johnson

The findings made by the Tax Review Board (Board) are summarized, or quoted as follows: Clark manufactures and sells industrial equipment and machinery, including truck trailers and bodies. It operates -its business through seven divisions, viz: (a) Automotive Division: It makes and sells axles, housings and transmissions for truck trailers and construction machinery, (b) Industrial Trucks: It makes and sells industrial haulage trucks and straddle carriers, (c) Construction Machinery: It produces and sells heavy construction machinery, (d) Central Parts: It provides parts to users of products…