CUDAHY v. DEPARTMENT OF TAXATION


261 Wis. 126 (1952)

CUDAHY, Appellant, vs. DEPARTMENT OF TAXATION, Respondent.

Supreme Court of Wisconsin.

March 4, 1952.


Attorney(s) appearing for the Case

For the appellant there were briefs by Whyte, Hirschboeck & Minahan of Milwaukee, and oral argument by Herbert C. Hirschboeck.

For the respondent there was a brief by the Attorney General and Harold H. Persons, assistant attorney general, and oral argument by Mr. Persons.


CURRIE, J.

Two questions are presented on this appeal: (1) Whether the taxpayer, Cudahy, was authorized by sec. 71.04 (4), Stats., then in effect, to deduct from the gross income listed in his individual tax returns for the four years of 1942-1945, inclusive, the amount of dividends received by him from Northern in computing his net taxable income; and (2) if the taxpayer were not so entitled to deduct such dividends, whether the Wisconsin Department of Taxation is...

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