Garden Towers Co. v. New York State Division of Housing & Community
New York Court of Appeals
Garden Towers Co. v. New York State Division of Housing & Community, 51 N.Y.2d 968 (N.Y. 1980)
416 N.E.2d 1042; 435 N.Y.S.2d 707; 1980 N.Y. LEXIS 2806
Cooke, Fuchsberg, Gabrielli, Jasen, Jones, Meyer, Wachtler
Garden Towers Co. v. New York State Division of Housing & Community
Opinion of the Court
OPINION OF THE COURT
Memorandum.
Determination appealed from and order of the Appellate Division brought up for review affirmed, with costs. Petitioner’s operation was conducted on a cash basis as distinguished from an accrual basis method of accounting. In view of this circumstance the determination of the Division of Housing and Community Renewal, which was based in part upon the inclusion of certain 1975 rental rollback recoveries in petitioner’s 1976 income, may not be said to be arbitrary and capricious, or, indeed, an abuse of discretion.
Determination affirmed, etc.
Reference
- Full Case Name
- In the Matter of Garden Towers Co. v. New York State Division of Housing and Community Renewal
- Cited By
- 2 cases
- Status
- Published