Court Opinion

ID: 9568544
Source: CourtListenerOpinion
Date Created: 2023-08-21 20:05:00.462308+00
Date Added: 2024-06-11T10:47:04.420093
License: Public Domain

Chief Justice Bobbitt,
concurring in part, dissenting in part.
I concur in that portion of the Court’s decision which holds that the Court of Appeals erred in affirming the deduction by the Commission of $978,000.00 from General’s “net investment in plant” (original cost less depreciation) by reason of profits earned by Automatic upon its sales to General. With this exception, I vote to affirm the decision of the Court of Appeals for the reasons set forth in the opinion of Judge Parker. I deem it unnecessary to approve or disapprove the extended discussions in the Court’s opinion relating to the determination of replacement cost, less depreciation, and other questions not directly presented by this appeal. These should be decided when drawn into focus by proper exceptions and full argument.