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Tax Court Rules Intra-Family Loan Wasn’t a Gift
26 Mar 2025 17:16 GMT
… Service. The recent U.S. Tax Court decision on motions for summary … ). While this is a welcome ruling, there are issues related to … and Stephen signed what the Tax Court described as a “simple note …
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BIR’s P5.76 billion case vs cigarette ring moves to tax court
25 Mar 2025 19:00 GMT
THE Bureau of Internal Revenue (BIR) yesterday said the Department of Justice (DOJ) has ruled in its favor in a P5.7 billion tax evasion case against an illegal cigarette operation.
The tax bureau said the DOJ filed criminal information before the Court of …
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A Recent Tax Ruling Has Made ANDA Litigation Less Burdensome for Generics
25 Mar 2025 21:23 GMT
In Actavis v. U.S., a case at the intersection of tax law and patent law, the Federal Circuit held that generic drug companies’ Hatch-Waxman litigation expenses are “ordinary and necessary business expenses” and can be deducted immediately. It’s an …
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Court criticizes CRA over tax blunder but rules too late to fix
16 Mar 2025 20:33 GMT
The Tax Court of Canada has criticized the … a taxpayer’s income, but ruled it cannot correct the error … .
While federal courts have previously ruled that enforcing strict deadlines in … .
Despite Singh’s frustration, the ruling means he remains on the …
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N.J. Appellate Division Affirms Tax Court, Denies Taxpayer’s Statute of Limitations Argument Regarding Responsible Person Tax Liability
26 Feb 2025 02:05 GMT
… . A-3116-22), affirming the tax court’s holding that the state … person. Although the Appellate Division ruled against the appellant on the …
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Tax Court In Brief | Donlan v. Commissioner, 164 T.C. 3| February 19, 2025| Buch, J. | Dkt. No. 16759-24
25 Feb 2025 05:06 GMT
… dismiss, and concluded that the Tax Court Rules of Practice and Procedure do … of Law:
Tax Court rules addressing the allowance of electronic signatures:
Tax Court Rule of … information. In sum, the Tax Court’s rules “deem a taxpayer’s name …
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Tax court voids BIR’s P355.48-M assessment on cement company
25 Feb 2025 02:27 GMT
… tax court’s Second Division, in a decision promulgated on Feb. 14, ruled … the] petitioner,” the 22-page ruling penned by Associate Justice Ma … prescribed,” it added.
The tax court also noted that internal revenue … of the return.”
In ruling in favor of the cement …
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Tax Court says no hiding from CRA
23 Feb 2025 15:14 GMT
… Canada Revenue Agency, the Tax Court has ruled.
Blacklock's Reporter … “one of the foundational rules of Canadian income tax … assets, which the court ruled demonstrated “neglect or carelessness,” … a 2014 case, the Tax Court upheld a reassessment dating back …
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Canadian who hid $420Gs from wife in Swiss bank dinged by tax court
17 Feb 2025 17:17 GMT
… recent judgment by Canada’s tax court ruled squirreling away money in a … the federal government.
Tax Court Judge Edward M. Cook ruled the defendant, a … wrote in his ruling, are “one of the foundational rules of Canadian …
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CTA junks electric coop’s suit over P23.5-M tax assessment
29 Mar 2025 08:19 GMT
… Internal Revenue (BIR).
In a ruling dated March 25, the CTA … taking the case to the tax court without a final decision by … said under the law, the tax court shall exercise jurisdiction over “decisions …