INDOPCO, Inc. v. Commissioner
| INDOPCO, Inc. v. Commissioner | |
|---|---|
| Argued November 12, 1991 Decided February 26, 1992 | |
| Full case name | INDOPCO, Inc. v. Commissioner of Internal Revenue |
| Citations | 503 U.S. 79 (more) 112 S. Ct. 1039; 117 L. Ed. 2d 226; 1992 U.S. LEXIS 1374 |
| Case history | |
| Prior | Nat'l Starch & Chem. Corp. v. Comm'r, 93 T.C. 67 (1989), affirmed, 918 F.2d 426 (3d Cir. 1990), cert. granted, 500 U.S. 914 (1991). |
| Holding | |
| Expenditures incurred by a target corporation in the course of a friendly takeover are nondeductible capital expenditures. | |
| Court membership | |
| |
| Case opinion | |
| Majority | Blackmun, joined by unanimous |
| Laws applied | |
| Internal Revenue Code § 162(a) | |
INDOPCO, Inc. v. Commissioner, 503 U.S. 79 (1992), was a United States Supreme Court case in which the Court held that expenditures incurred by a target corporation in the course of a friendly takeover are nondeductible capital expenditures.