RB Alden Corp. v. Commonwealth

OPINION BY

JUDGE McCULLOUGH

Presently before'this Court are the exceptions filed on behalf of the Commonwealth of Pennsylvania (Commonwealth) and RB Alden Corp. (Taxpayer) to this Court’s order filed June 15, 2016, which reversed the order of the Board of Finance and Revenue (Board) denying Taxpayer’s request for relief and directing the Department of Revenue (Department) to calculate Taxpayer’s corporate net income tax (CNIT) without capping the amount that Taxpayer can take on its net loss carryover deduction.

Taxpayer alleged that it owed no Pennsylvania corporate net income tax on a $29.9…