Opinion
Argued January 23, 1991.
Decided February 22, 1991.
Appeal from from Tax Court of New Jersey.
Steven R. Irwin argued the cause for appellants ( Mandelbaum Mandelbaum, attorneys).
Jane M. Coviello argued the cause for respondent ( Mudge, Rose, Guthrie, Alexander Ferdon, attorneys).
Before Judges MICHELS, GRUCCIO and D'ANNUNZIO.
The judgment appealed from is affirmed substantially for the reasons expressed by Judge Lasser in his opinion reported at 11 N.J. Tax 57 (Tax Ct. 1990). See Schwam v. Cedar Grove, 228 N.J. Super. 522, 550 A.2d 502 (App.Div. 1988), certif. denied, 115 N.J. 76, 556 A.2d 1219 (1989).