MATTER OF TOCQUEVILLE ASSET MGT. L.P. v. NEW YORK CITY TAX APPEAL TRIBUNAL

M-4745, 1663, 39/15.

141 A.D.3d 420 (2016)

33 N.Y.S.3d 891

In the Matter of TOCQUEVILLE ASSET MANAGEMENT L.P., Petitioner, v. NEW YORK CITY TAX APPEAL TRIBUNAL et al., Respondents.

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

Decided July 5, 2016.


Petitioner failed to establish its entitlement to the specific deduction it claims (Administrative Code of City of NY § 11-529 [e]). The Tax Appeals Tribunal's determination that the claimed deduction is nondeductible under Administrative Code § 11-507 (3) and 19 RCNY 28-06 (d) (1) (i) (A) is supported by substantial evidence and has a rational basis in the law. No exception applies to make the claimed deduction properly...

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