Anderson, Clayton & Co. v. DeWitt

OPINION

HAIRE, Judge.

On this appeal the appellant taxpayer (Anderson Clayton) contends that the appellee State Tax Commission has erroneously computed the federal income tax deduction available to Anderson Clayton in calculating its Arizona income tax liability.

Anderson Clayton, a Delaware corporation, has earned and reported taxable income in Arizona and has paid income taxes thereon under the provisions of Chapter 1, Title 43, A.R.S. for many years, including fiscal years ending in 1963, 1966 and 1967. On March 5, 1968, the State Tax Commission notified Anderson Clayton that it pro-' posed…