Collins Coin Music Co. v. N.C. Alcoholic Beverage Control Comm.

How courts have described this case

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

• it would be an “anomalous result that a taxpayer would be entitled to a bad debt deduction even though it had recourse to adequate collateral or to a fully solvent guarantor”
• taxpayer cannot rely on issues not presented to or considered by the Service in issuing its ruling

Source: CourtListener parenthetical corpus (CC0).