Legal Opinion
Xtra, Inc. v. Commissioner of Revenue
Massachusetts Supreme Judicial Court
Decided April 1, 1980PublishedCited by 19 opinions
1Opinion of the CourtQuirico, J.
The Commissioner of Revenue (Commissioner) here appeals from a decision by the Appellate Tax Board (board) in favor of Xtra, Inc., 1 a Massachusetts corporation engaged in the leasing of certain transportation equipment. Xtra takes accelerated depreciation on personal property in computing its Federal and State income tax liability, but uses straight line depreciation in compiling its corporate financial statements. The single issue this case presents is whether the board committed legal error in deciding that, when computing its liability for Massachusetts corporate excise, under G. L. c.…
2Cases cited24 opinions
- Thor Power Tool Co. v. CommissionerSupreme Court of the United States · 1979
- Zuber v. AllenSupreme Court of the United States · 1970
- Securities & Exchange Commission v. SloanSupreme Court of the United States · 1978
- School Committee of Springfield v. Board of EducationMassachusetts Supreme Judicial Court · 1972
- Bolster v. Commissioner of Corporations & TaxationMassachusetts Supreme Judicial Court · 1946
19 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Gurry v. Cumberland Farms, Inc.Massachusetts Supreme Judicial Court · 1990
- Polaroid Corp. v. Commissioner of RevenueMassachusetts Supreme Judicial Court · 1984
- McCarthy v. Commissioner of RevenueMassachusetts Supreme Judicial Court · 1984
- Tremont Tower Condominium, LLC v. George B.H. Macomber Co.Massachusetts Supreme Judicial Court · 2002
- Commissioner of Revenue v. McGraw-Hill, Inc.Massachusetts Supreme Judicial Court · 1981
14 more not listed; retrieve them via the Exa API.