Ex Parte Uniroyal Tire Co.

How courts have described this case

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

• “[a] complete liquidation and cessation of business do not generate business income under the transaction test *** because, by definition, such events are most extraordinary; they do not occur in the ‘regular course of the taxpayer’s trade or business’ ”

Source: CourtListener parenthetical corpus (CC0).