Duquesne Light Holdings, Inc. & Subsidiaries, Petitioner v. Commissioner of Internal Revenue
Case Number:
17-1151
Court:
Nature of Suit:
Firms
Sectors & Industries:
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June 18, 2018
High Court Won't Hear Pa. Utility's $199M Tax Refund Row
The U.S. Supreme Court on Monday turned down a Pennsylvania utility's challenge to a Third Circuit ruling that denied the company a $199 million capital loss deduction on the sale of a subsidiary.
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May 29, 2018
Pa. Utility Implores Supreme Court To Hear $199M Tax Case
Duquesne Light Holdings Inc. told the U.S. Supreme Court on Tuesday it should hear its $199 million tax deduction case because the Third Circuit decision that the electricity supplier is challenging deepens a circuit conflict and because the regulations in existence in 2002 and 2003 expressly allowed those deductions.
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May 11, 2018
Justices Urged To Skip Electric Co.'s $199M Deduction Appeal
The IRS has insisted further review by the U.S. Supreme Court is not warranted for a lower court's finding in support of the government in its denial of a $199 million tax deduction for a Pennsylvania-based electricity supplier, saying legal precedent was correctly applied and no circuit conflicts existed.
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March 20, 2018
3rd Circ. Rule Creates 'Perverse Incentives,' Justices Told
In denying a $199 million tax deduction when it is allowed by statute, the Third Circuit created "perverse incentives" for federal agencies to interpret their own law and violated the separation-of-powers doctrine, the Cato Institute argued in a Supreme Court amicus brief Monday.
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March 05, 2018
Pa. Utility Asks High Court To Review $199M Deduction Claim
A Pennsylvania-based electricity supplier has asked the U.S. Supreme Court to review the Third Circuit's decision to deny it a $199 million tax deduction, saying that the lower court has effectively authorized the IRS to take actions contradicting the agency's own rules.