Zenith Industrial Corp. v. Department of Treasury

The taxpayer appeals as of right from an order of the Michigan Tax Tribunal upholding corporate income tax assessments for the year 1975._

The taxpayer filed its Michigan corporate income tax returns for the periods ending June 30, 1975, and December 31, 1975, on March 16, 1976, and September 20, 1976, respectively. An audit for the periods covered by these returns was conducted by the federal Internal Revenue Service. The taxpayer never waived the limitations period for assessing state tax deficiencies. Petitioner was ultimately assessed additional federal corporate income taxes. It did not…