Bankers Trust Corp. v. Tax Appeals Tribunal

Decision of respondent New York City Tax Appeals Tribunal, dated April 8, 2010, affirming an administrative determination that petitioner is not entitled to a 17% interest deduction for the interest income it received from its third- and fourth-tier indirect subsidiaries, unanimously confirmed, the petition denied, and the proceeding brought pursuant to CPLR article 78 and New York City Charter § 171, commenced in this Court pursuant to CPLR 506 (b) (4), dismissed, without costs.

Respondent’s decision that petitioner was not the beneficial owner of two indirect subsidiaries, BT Trust Holdings…