GENWAY CORP. v. TAXATION DIV. DIRECTOR


8 N.J. Tax 198 (1986)

GENWAY CORPORATION, PLAINTIFF, v. DIRECTOR, DIVISION OF TAXATION, DEFENDANT.

Tax Court of New Jersey.

March 25, 1986.


Attorney(s) appearing for the Case

Susan Ann Feeney for plaintiff (Lowenstein, Sandler, Brochin, Kohl, Fisher, Boylan & Meanor, attorneys).

Mary R. Hamill for defendant (Irwin I. Kimmelman, Attorney General of New Jersey, attorney).


CRABTREE, J.T.C.

This is a corporation business tax case wherein plaintiff seeks review of defendant's determinations (a) that plaintiff's indebtedness to General Motors Acceptance Corporation (GMAC) should be included in plaintiff's net worth for the fiscal years ended August 31, 1975, August 31, 1976 and August 31, 1977 and (b) that 90% of the interest on such indebtedness would be disallowed as deductions in determining...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases