Issue: Whether an objectively profitable transaction can be disregarded for tax purposes under the judge-made economic substance doctrine because it was structured to achieve income tax deductions authorized by the plain language of the Internal Revenue Code.
Proceedings and Orders
Jan 15 2014
Application (13A757) to extend the time to file a petition for a writ of certiorari from January 27, 2014 to February 26, 2014, submitted to Justice Alito.
Jan 20 2014
Application (13A757) granted by Justice Alito extending the time to file until February 26, 2014.
Feb 14 2014
Application (13A757) to extend further the time from February 26, 2014 to March 28, 2014, submitted to Justice Alito.