Bodine Electric Co. v. Allphin

How courts have described this case

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

• affirming, based on an interpretation of Illinois’s tax statutes, the denial of a net operating loss carryback deduction for a taxpayer whose federal consolidated group reported taxable income even though the taxpayer itself incurred a net operating loss
• taxpayers are not entitled to deductions “unless clearly allowed by statute” (internal quotation marks omitted)

Source: CourtListener parenthetical corpus (CC0).