United States Steel Corp. v. Director, Division of Taxation

The opinion of the court was delivered by

Weintraub, C. J.

Here involved are deficiency assessments levied under the Corporation Business Tax Act (1945) (L. 1945, c. 162; N. J. 8. A. 54:10A-1 et seq.). One relates to United States Steel Company (herein Steel Company) for the calendar year 1952, and the other to United States Steel Corporation (herein Steel Corporation) for the calendar year 1953. Both are domestic corporations. The Division of Tax Appeals sustained the assessments. We certified the ensuing appeals before the Appellate Division acted upon them.

The Corporation Business Tax Act…