Fairchild Semiconductor Corp. v. State Tax Assessor

How courts have described this case

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

• “The [net operating loss] deduction is a response to what can be the harsh results of the annual accounting concept when a taxpayer has gains in some years and losses in others.”

Source: CourtListener parenthetical corpus (CC0).