48-7-35
Code Resources
Georgia Resources
Georgia Website
Georgia Governor
Georgia Legislature
Georgia Courts
Search this Code
in Google Scholar
on the Web
Google Web Search
MSN Web Search
Yahoo! Web Search
in the News
Google News Search
Google News Archive Search
Yahoo! News Search
in the Blogs
BlawgSearch.com Search
Google Blog Search
Technorati Blog Search
in other Databases
Google Book Search
48-7-35.
If
any corporation or nonresident shows by any method of allocation other than the
processes or formulas prescribed by this chapter that another method reflects
more clearly the income attributable to the trade or business within this state,
application for permission to base its return upon the other method shall be
considered by the commissioner. The application shall be accompanied by a
statement setting forth in detail with full explanations the method the taxpayer
believes will more clearly reflect its income from business within the state. If
the commissioner concludes that the method of allocation and apportionment
submitted by the taxpayer is in fact inapplicable and inequitable, he shall
reject the application and shall so notify the taxpayer. Failure to receive the
commissioner´s notice shall not operate to relieve the taxpayer from
liability for not filing the return on its due date utilizing the allocation and
apportionment method prescribed by this chapter.