1. Home
  2. Browse Decisions
  3. U.S.
  4. 503 U.S.
  5. 503 U.S. 79 (1992)
 

INDOPCO, INC. v. COMMISSIONER

No. 90-1278.

503 U.S. 79 (1992)

112 S.Ct. 1039

117 L.Ed.2d 226

INDOPCO, INC. v. COMMISSIONER OF INTERNAL REVENUE

Supreme Court of United States.

Decided February 26, 1992.

Attorney(s) appearing for the Case

Richard J. Hiegel argued the cause for petitioner. With him on the briefs were Geoffrey R. S. Brown, Rory O. Millson, and Richard H. Walker.

Kent L. Jones argued the cause for respondent. With him on the brief were Solicitor General Starr, Assistant Attorney General Peterson, Deputy Solicitor General Wallace, Gilbert S. Rothenberg, and Bruce R. Ellisen.*

Blackmun, J., delivered the opinion for a unanimous Court.

Justice Blackmun, delivered the opinion of the Court.

In this case we must decide whether certain professional expenses incurred by a target corporation in the course of a friendly takeover are deductible by that corporation as "ordinary and necessary" business expenses under § 162(a) of the Internal Revenue Code.

I

Most of the relevant facts are stipulated. See App. 12, 149. Petitioner INDOPCO, Inc., formerly named National Starch and Chemical...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases