Carpinello, J.
In August 1993, the State Department of Taxation and Finance filed a notice of deficiency against petitioner in the amount of $272,576.33, inclusive of interest and penalties, for tax years 1989 and 1990. As a result of a conciliation conference, the penalties were canceled and the amount of the deficiency was reduced to $76,777. The basis for the assessment concerns interest expenses deducted by petitioner in calculating its net income for the subject...
Let's get started
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.