Pincus Bros. v. Commonwealth

Opinion by

Judge Kramer,

This is an appeal by Pincus Brothers, Inc. (Pincus), from a resettlement of Pincus’ corporate net income tax for the calendar year 1967 as determined by the Board of Finance & Revenue (Board). The Board’s determination came about as the result of a Petition for Review by Pincus of the resettlement as determined by the Department of Revenue.

At the hearing held before this Court, a partial stipulation of facts was presented, received and filed, together with an agreement to trial without a jury. Said stipulation is accepted and utilized for purposes of this opinion. To…