MATTER OF AM. BROAD. COS., INC. v. TAX COMM'N OF THE CITY OF NEW YORK


83 A.D.2d 502 (1981)

In the Matter of American Broadcasting Companies, Inc., Respondent-Appellant, v. Tax Commission of the City of New York et al., Appellants-Respondents

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

July 2, 1981


Findings of fact inconsistent herewith are reversed and new findings made consistent herewith. The petitioner has not sustained its burden of overcoming the presumption of the validity of the assessments by showing by substantial evidence that they were excessive. In this case the record shows that petitioner's low appraisal is insufficient to meet the standard. In addition, the reductions allowed by Special Term have inadequate support in the record. (Matter of Manufacturers...

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