Case Name: The People of the State of New York ex rel. National Park Bank of New York, Respondent, v. Jacob A. Cantor et al., as Commissioners of Taxes and Assessments of the City of New York, Appellants
Court: New York Court of Appeals
Jurisdiction: New York
Decision Date: 1921-03-22
Citations: 231 N.Y. 514
Docket Number: 
Parties: The People of the State of New York ex rel. National Park Bank of New York, Respondent, v. Jacob A. Cantor et al., as Commissioners of Taxes and Assessments of the City of New York, Appellants.
Judges: 
Reporter: New York Reports
Volume: 231
Pages: 514–514

Head Matter:
The People of the State of New York ex rel. National Park Bank of New York, Respondent, v. Jacob A. Cantor et al., as Commissioners of Taxes and Assessments of the City of New York, Appellants.
Tax — assessment for taxation of capital stock of banking corporation reduced.
People ex rel. Nat. Park Bank of N. Y. v. Cantor, 195 App. Div. 890, affirmed.
(Argued March 7, 1921;
decided March 22, 1921.)
Appeal from an order of the Appellate Division of the Supreme Court in the first judicial department, entered January 28, 1921, which affirmed an order of Special Term reducing a tax assessment on relator’s capital stock. The question was presented whether the tax commissioners properly included in their assessment, for the purposes of taxation of the relator’s capital stock, items aggregating $1,236,886.61, being discounts collected but not earned, and an item of $1,191,000 for federal income taxes, determined March 15, 1919, but payable in installments after May 1,1919, the day as of which the condition of the relator was reported for this assessment.
John P. O’Brien, Corporation Counsel (William H. King and Max Salomon of counsel), for appellants.
Louis F. Doyle for respondent.

Opinion:
Order affirmed, with costs; no opinion.
Concur: His cock,' Ch. J., Chase, Hogan, Pound, McLaughlin, Crane and Andrews, JJ.