Ruidoso Racing Association, 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.

• where the government’s determination is demonstrably arbitrary ... “the Commissioner must satisfy the court as to the existence and amount of unreported income.”
• fraud of CEO/majority shareholder could be imputed to corporation where it produced tax benefit for corporation
• fraud of majority shareholder imputed to corporation because corporation received tax benefit from shareholder’s fraudulent acts to understate corporate gross income

Source: CourtListener parenthetical corpus (CC0).