Ewa Plantation Co. v. Holt

OPINION OP THE COURT BY

WILDER, J.

This is a reserved question by a circuit judge of the first circuit. The Ewa Plantation Company returned for taxation its net income for the year preceding January 1, 1907, at the sum of $577,929.56, which sum was raised by the assessor to $663,-*363233.92, the difference of $85,304.36 being for an alleged estimated depreciation of its property during 1906, which the plantation claimed as a deduction. The plantation company filed an appeal to the tax appeal court from the whole of the assessment and tendered to the assessor as costs of the appeal 10 per cent,…