New Jersey Tax Court August 4, 1983 (International Flavors & Fragrances, Inc. v. Taxation Division Director)

ANDREW, J.T.C.

This is a state tax action in which plaintiff, International Flavors & Fragrances, Inc., challenges a final determination of an assessment for the 1975 and 1976 tax years made pursuant to the Corporation Business Tax Act, N.J.S.A. 54:10A-1 et seq. (the act) by defendant Director of the Division of Taxation. At issue is the calculation of plaintiff’s entire net income under the act.