In re the Judicial Settlement of the Account of Parascandola
This text of 233 A.D. 740 (In re the Judicial Settlement of the Account of Parascandola) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
Decree of the Surrogate’s Court of Kings county unanimously affirmed, with costs. If we were to assume that the income taxes imposed in 1929 represent valid corporate debts for income taxes for the years claimed, the necessary corollary is that the corporate profits for those years were many times the amount of the alleged taxes, and in that light would not indicate insolvency of the corporation. Present — Lazansky, P. J., Kapper, Carswell and Seudder, JJ.; Tompkins, J., not voting. [136 Misc. 664.]
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