SUPER VALU STORES, INC. v. COMMISSIONER OF TAXATION

No. 42759.

190 N.W.2d 67 (1971)

SUPER VALU STORES, INC., Relator, v. COMMISSIONER OF TAXATION, Respondent.

Supreme Court of Minnesota.

August 27, 1971.


Attorney(s) appearing for the Case

Dorsey, Marquart, Windhorst, West & Halladay, and Thomas O. Moe, Minneapolis, for relator.

Warren Spannaus, Atty. Gen., C. Hamilton Luther, Special Asst. Atty. Gen., St. Paul, for respondent.

Heard before KNUTSON, C. J., and NELSON, MURPHY, OTIS, and ROGOSHESKE, JJ.


OPINION

ROGOSHESKE, Justice.

Taxpayer, Super Valu Stores, Inc., seeks review of a decision of the Tax Court which affirms an order of the commissioner of taxation. The commissioner's order determined that taxpayer was not entitled to an ordinary loss deduction on its 1962 income tax return for the loss sustained upon liquidation of its capital investment in Supercenter, Inc., claimed to be an affiliate corporation. The taxpayer claims that it is entitled...

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