Benefits of Merger Are Not Subject to Financial Valuation
The U.S. Court of Appeals for the 3rd Circuit reversed the district court and ordered a preliminary injunction prohibiting DQE Inc. from taking any action that would disqualify pooling of interest accounting treatment.
Court Uses Cost Approach for 'Specialty Properties'
Petitioner is a public utility company that owns and operates an electricity-generation, -transmission, and -distribution system.
Niagara Mohawk Power Corp. v. Assessor of Geddes
The company took issue with four of its properties being categorized as specialty properties, thus resulting in overvaluation.
More Cases … Income Tax: Utilicorp United
The IRS determined that Utilicorp improperly included in the depreciable cost of goodwill or going concern value.
Utilicorp United v. Commissioner
At issue is whether one member of the affiliated group, Utilicorp, Inc. (UtilCo), improperly included in the depreciable basis of certain property the nondepreciable cost of goodwill or going concern value.