Asphalt Industries, Inc. v. Commissioner of Internal Revenue

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• explaining that the fraud penalty under § 6663(a) not only gathers revenue but also operates as a “civil sanction” that “bears a close resemblance to criminal liability”
• explaining that the fraud penalty under § 6663(a) not only gathers revenue but also operates as a “civil sanction” that “bears a close resemblance to criminal liability”
• explaining that Congress intends section 6663(a) “to punish and deter wrongful conduct”
• corporation held not liable for tax fraud penalties caused by fraudulent acts of its president against the interest of the corporation
• corporation held not liable for tax fraud penalties caused by fraudulent acts of its president against the interest of the corporation

Source: CourtListener parenthetical corpus (CC0).