Appeal of Southern Railway Company, et al

650PA82, Appeal of Southern Railway Company, et al v. North Carolina Department of Revenue, Supreme Court case of 81 PTC and 8110PTC1223. "We reverse the Court of Appeals and remand the case to that court with instructions that it remand to the North Carolina Property Tax Commission to determine the system valuation of Railroads' property in a manner consistent with this opinion."

8110PTC1223, Appeal of Southern Railway Company, et al v. North Carolina Department of Revenue, Court of Appeals case of 81 PTC. "In reviewing this matter, this Court has applied the "whole record test." This test does not allow a reviewing court to replace the Commission's judgement as between two reasonably conflicting views, even though the Court could justifiably have reached a different result had the matter been before it "de novo.""

81 PTC, Appeal of Southern Railway Company, et al v. North Carolina Department of Revenue, railroad appeal, public service company. "Dr. Schoenwald did not make an appraisal of Norfolk Southern but the firm made the same contentions as Southern regarding deferred income taxes and the calculation of the capitalization rate. For the reasons stated earlier in our discussion of Southern, we hold that the Department's treatment of these items was proper."