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MATTER OF LANE BRYANT, INC. v. TAX COMM'N OF THE CITY OF NEW YORK

21 A.D.2d 669 (1964)

In the Matter of Lane Bryant, Inc., Respondent, v. Tax Commission of the City of New York, Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

May 26, 1964

Final order, entered on or about March 15, 1961, reducing assessments on real property for the tax years 1958-59, 1959-60 and 1960-61, unanimously reversed, on the law and the facts, the assessments reinstated, and the petition dismissed, with costs of the proceeding and the appeal to respondent-appellant.

The 1958 sale of the property for $3.2 million cash, concededly at arm's length, is the outstanding factor in support...

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