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MATTER OF JAFFE v. TAX APPEALS TRIBUNAL

243 A.D.2d 842 (1997)

663 N.Y.S.2d 899

In the Matter of Paul D. Jaffe et al., Petitioners, v. Tax Appeals Tribunal et al., Respondents

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

October 16, 1997

Cardona, P. J.

Petitioners, Paul D. Jaffe and Leon J. Greenspan, were limited partners in Gadlex Associates together with Herbert Kanarek and Joel Aurnou. Kanarek owned a 30% share and Aurnou owned a 15% share in the partnership. Gadlex's sole asset was an office building in the City of White Plains, Westchester County. Petitioners each owned a 27½% interest in the partnership. In 1990, petitioners began litigation which culminated in the termination...

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