Wolter Construction Company, 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.

• recognizing that Congress authorized issuance of regulations to deal with “complex problems created by the filing of consolidated returns”
• “consolidated return computations are not ... based on a consolidated accounting ... as though the properties of the subsidiaries were owned by the parent”; it “is not the functional equivalent of a merger”
• specifically subordinating the provisions of section 381 to the consolidated return regulations

Source: CourtListener parenthetical corpus (CC0).