INDOPCO, Inc. v. Commissioner
1992 United States Supreme Court case / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about INDOPCO, Inc. v. Commissioner?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
INDOPCO, Inc. v. Commissioner, 503 U.S. 79 (1992), was a United States Supreme Court case in which the Court held that expenditures incurred by a target corporation in the course of a friendly takeover are nondeductible capital expenditures.[1]
Quick Facts INDOPCO, Inc. v. Commissioner, Argued November 12, 1991 Decided February 26, 1992 ...
INDOPCO, Inc. v. Commissioner | |
---|---|
Argued November 12, 1991 Decided February 26, 1992 | |
Full case name | INDOPCO, Inc. v. Commissioner of Internal Revenue |
Citations | 503 U.S. 79 (more) 112 S. Ct. 1039; 117 L. Ed. 2d 226; 1992 U.S. LEXIS 1374 |
Case history | |
Prior | Nat'l Starch & Chem. Corp. v. Comm'r, 93 T.C. 67 (1989), affirmed, 918 F.2d 426 (3d Cir. 1990), cert. granted, 500 U.S. 914 (1991). |
Holding | |
Expenditures incurred by a target corporation in the course of a friendly takeover are nondeductible capital expenditures. | |
Court membership | |
| |
Case opinion | |
Majority | Blackmun, joined by unanimous |
Laws applied | |
Internal Revenue Code § 162(a) |
Close