COM. v. GENERAL ELEC. CO.

Record No. 850577.

372 S.E.2d 599 (1988)

COMMONWEALTH of Virginia v. GENERAL ELECTRIC COMPANY.

Supreme Court of Virginia.

September 23, 1988.


Attorney(s) appearing for the Case

Barbara M. Rose, Asst. Atty. Gen. (Mary Sue Terry, Atty. Gen., Kenneth W. Thorson, Asst. Atty. Gen., on briefs), for appellant.

William L.S. Rowe (T.S. Ellis, III, Thomas McN. Millhiser, Hunton & Williams, Richmond, on brief), for appellee.

Present: CARRICO, C.J., POFF, COMPTON, STEPHENSON, RUSSELL and WHITING, JJ., and COCHRAN, Retired Justice.


COMPTON, Justice.

This corporate income tax appeal stems from action of the State Department of Taxation in combining the income of two corporations, a parent and its wholly owned subsidiary, and in adjusting the Virginia tax on this income to reflect business actually done in Virginia. The parent-taxpayer contends that the Department erroneously included within its apportionable income for the years in question the income of the wholly owned subsidiary. Entwined...

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