Legal Opinion
In re Dreyfus Special Income Fund, Inc.
Appellate Division of the Supreme Court of the State of New York
Decided April 2, 1987PublishedCited by 5 opinions
1Opinion of the Court
OPINION OF THE COURT
Mikoll, J.
The issue before us is whether Supreme Court (134 Misc 2d 679) erred in declaring 20 NYCRR former 3.11 invalid as contrary to Tax Law § 208 (9) in that regulated investment companies were not entitled to deduct dividends paid to their shareholders in computing their entire net income for taxable years beginning prior to January 1, 1980 (see, Tax Law § 209 [7]). Respondent urges that the court erred in that petitioner’s liability should be computed on the basis of investment company taxable income.
The facts underlying the issue are not in dispute. Petitioner was…
2Cases cited11 opinions
- Hanover Bank v. CommissionerSupreme Court of the United States · 1962
- Haggar Co. v. Helvering, Com'r of Internal RevenueSupreme Court of the United States · 1940
- Hellerstein v. Assessor of IslipNew York Court of Appeals · 1975
- People Ex Rel. Barcalo Manufacturing Co. v. KnappNew York Court of Appeals · 1919
- People Ex Rel. Standard Oil Co. v. . LawNew York Court of Appeals · 1923
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3Cited by5 opinions
- Corporate Property Investors v. Director, Division of TaxationNew Jersey Tax Court · 1994
- Corporate Property Investors v. Director, Division of TaxationNew Jersey Superior Court Appellate Division · 1995
- UNB Investment Co. v. Director, Division of TaxationNew Jersey Tax Court · 2004
- Matter of Stewart's Shops Corp. v. New York State Tax Appeals Trib.Appellate Division of the Supreme Court of the State of New York · 2019
- New York ex rel. Rasmusen v. Citigroup Inc.District Court, S.D. New York · 2016