ALLPHIN v. LOUISVILLE & NASHVILLE RAILROAD CO.


290 S.W.2d 787 (1956)

Robert H. ALLPHIN, Commissioner of Revenue, and Commonwealth of Kentucky, etc., Appellants, v. LOUISVILLE & NASHVILLE RAILROAD COMPANY, Inc., Appellee.

Court of Appeals of Kentucky.

May 18, 1956.


Attorney(s) appearing for the Case

Jo M. Ferguson, Atty. Gen., Hal O. Williams, Asst. Atty. Gen., Wm. E. Scent, Director of Legal Staff, Dept. of Revenue, Frankfort, for appellants.

Joseph L. Lenihan, Louisville, Leslie W. Morris, Frankfort, C. S. Landrum, Lexington, for appellee.


CAMMACK, Judge.

This declaratory judgment proceeding was instituted by the Department of Revenue of the Commonwealth, after the Louisville & Nashville Railroad Company, the appellee, had filed tax refund claims, to determine the proper method of computing the Kentucky income tax liability of the appellee for the years 1949-1953. The question presented involves the computation of net income; and, more specifically, the deduction allowable for Federal income taxes...

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