Legal Opinion
Grace v. New York State Tax Commission
New York Court of Appeals
Decided June 12, 1975PublishedCited by 195 opinions
1Opinion of the Court
Chief Judge Breitel.
In an article 78 (CPLR) proceeding, the State Tax Commission appeals from a judgment, denominated an order, of the Appellate Division modifying its determination. The commission had determined that, under article 16 of the Tax Law governing personal income tax, taxpayer was not entitled in reporting his 1955 State taxable income to deduct full amortization of bond premiums paid by him in excess of the face value of corporate bonds purchased by him. The Appellate Division modified, holding that taxpayer was entitled to such a deduction.
The issue is whether, absent…
2Cases cited20 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Gould v. GouldSupreme Court of the United States · 1917
- Hanover Bank v. CommissionerSupreme Court of the United States · 1962
- Colgate v. HarveySupreme Court of the United States · 1935
15 more not listed; retrieve them via the Exa API.
3Cited by195 opinions
- MATTER OF LIBERMAN v. GallmanNew York Court of Appeals · 1977
- Moran Towing & Transportation Co. v. New York State Tax CommissionNew York Court of Appeals · 1988
- Levin v. GallmanNew York Court of Appeals · 1977
- Orvis Co. v. Tax Appeals TribunalNew York Court of Appeals · 1995
- New York Life Insurance v. State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1981
190 more not listed; retrieve them via the Exa API.