PITTSBURGH PACIFIC CO. v. COMMISSIONER OF TAXATION

No. 42709.

188 N.W.2d 875 (1971)

PITTSBURGH PACIFIC COMPANY, Respondent, v. COMMISSIONER OF TAXATION, Relator.

Supreme Court of Minnesota.

July 2, 1971.


Attorney(s) appearing for the Case

Warren Spannaus, Atty. Gen., C. H. Luther, Deputy Atty. Gen., John R. Kenefick, St. Paul, for relator.

Dorsey, Marquart, Windhorst, West & Halladay, and Philip Martin, Minneapolis, for respondent.

Heard before KNUTSON, C. J., and NELSON, MURPHY, PETERSON, and KELLY, JJ.


OPINION

PETERSON, Justice.

Writ of certiorari to review a Tax Court decision reversing an order of the commissioner of taxation.

During its fiscal year ending November 30, 1962, taxpayer, Pittsburgh Pacific Company, a Minnesota corporation whose principal business is mining ore, sustained losses totaling $323,863.47, upon the termination of leases of three separate mining properties located in Minnesota. The issue is whether taxpayer may deduct these...

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