Smith v. Department of Taxation

From her income tax for the years 1943, 1944, and 1945 appellant deducted dividends received from the Smith Investment Company. She claimed the right to those deductions under sec. 71.04 (4), Stats. 1945 (sec. 71.05 (5), Stats. 1951). The Department of Taxation disallowed such deductions and made an additional assessment of taxes for those years. The additional assessment was contested by appellant, the matter eventually coming to this court, where i,t was held that the additional assessment was proper and that appellant was not entitled to the deductions in question. See Smith v. Department…