Safe Harbor Water Power Corp. v. Commonwealth

Opinion by

President Judge Bowman,

These tax appeals challenge resettlements of appellant’s corporate net income tax liability for the years 1956 and 1957 which were sustained by the Board of Finance and Revenue and provide the basis for the instant appeals.

They are before us upon a stipulation of facts which facts are as follows: appellant, Safe Harbor Water Power Corporation (“Safe Harbor”), a Pennsylvania corporation, was formed in 1930 as the result of a merger and consolidation of Safe Harbor Water Power Corporation (serving the Township of Manor, Lancaster County) and Chanceford Water…