Little Schuylkill Navigation Railroad & Coal Co. v. Philadelphia & Reading Railway Co.

Citations

• 69 Pa. Super. 122
• 1918 Pa. Super. LEXIS 27

Syllabus

<p>Railroads — Lease—Liability for income tax.</p> <p>Where under a lease from one railroad company to another of all the property and franchises of the lessor, the lessee inter alia undertakes that it will “pay all taxes, charges and assessments which during the continuance of the term......shall be assessed or imposed under any existing or future law on the demised premises or any part thereof, or on the business there carried on or on the receipts, gross or net, derived therefrom......or upon the capital stock of the” lessor “or the dividends thereon, or upon the franchises of the” lessor “for the payment or collection of any of which said taxes the” lessor “may otherwise be or become liable or accountable under any lawful authority whatever,” the lessee is not liable for the payment of the income tax levied against the lessor under the Act of Congress approved October 3, 1913 ?</p>