Legal Opinion
Commonwealth v. Bessemer & Lake Erie Railroad
Commonwealth Court of Pennsylvania
Decided March 5, 1981No. Appeals, Nos. 447 T.D. 1970, 235 C.D. 1974, 236 C.D. 1974, 237 C.D. 1974, 238 C.D. 1974, 338 C.D. 1974, 555 C.D. 1975, 1212 C.D. 1975, 1554 C.D. 1979, 1556 C.D. 1979, and 1558 C.D. 1979PublishedCited by 2 opinions
1Opinion of the Court
Opinion by
Judge Craig,
Bessemer and Lake Erie Railroad Company (B&LE) has appealed from orders of the Board of Finance and Revenue fixing the value of B&LE’s capital stock for Pennsylvania capital stock tax purposes for each of the years 1965 through 1974. The board affirmed, and refused resettlement of, the valuations of the Department of Revenue with the exception of the year 1971, where the board reduced the departmental valuation by $5 million to $70 million. The values thus developed are listed in Table D below.
Governed by Section 1104 of The Fiscal Code1 (haying antedated Pa. R.A.P.…
2Cases cited5 opinions
- Commonwealth v. Allied Building Credits, Inc.Supreme Court of Pennsylvania · 1956
- O'Connor AppealSupreme Court of Pennsylvania · 1973
- Commonwealth v. Safe Harbor Water Power Corp.Supreme Court of Pennsylvania · 1966
- Chrysel Corp. v. CommonwealthCommonwealth Court of Pennsylvania · 1972
- Rest Haven-Chestnut Hill, Inc. v. CommonwealthCommonwealth Court of Pennsylvania · 1978
3Cited by2 opinions
- Bessemer & Lake Erie Railroad v. CommonwealthCommonwealth Court of Pennsylvania · 1981
- TCI Northeast, Inc. v. CommonwealthCommonwealth Court of Pennsylvania · 1996