UNITY-FRANKFORD RACK SERV. v. COM.

Appeal, No. 768 Tr. Dkt. 1970.

3 Pa.Commw. 292 (1971)

Unity-Frankford Rack Service, Inc. v. Commonwealth.

Commonwealth Court of Pennsylvania.

September 20, 1971.


Attorney(s) appearing for the Case

Paul W. Lunkenheimer, with him Schumacker & Lunkenheimer, for appellant.

Edward T. Baker, Deputy Attorney General, with him J. Shane Creamer, Attorney General, for appellee.

Argued March 2, 1971, before President Judge BOWMAN and Judges CRUMLISH, JR., KRAMER, WILKINSON, JR., MANDERINO, MENCER and ROGERS.


OPINION BY JUDGE MANDERINO, September 20, 1971:

The question in this appeal is the proper valuation of the capital stock of Unity-Frankford Rack Service, Inc. (Unity), organized under the Business Corporation Law of Pennsylvania. Unity filed a capital stock tax report for the fiscal year ending June 29, 1968, which valued its capital stock at $125,000. The Commonwealth refused to accept Unity's valuation and...

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