Lilly v. Comm'r of Internal Revenue
| Decision Date | 28 May 1985 |
| Docket Number | Docket No. 5113-76. |
| Citation | 84 T.C. 996,84 T.C. No. 65 |
| Parties | ELI LILLY and COMPANY and SUBSIDIARIES, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent |
| Court | U.S. Tax Court |
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25 cases
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G. D. Searle & Co. v. Comm'r of Revenue
...SCO failed to similarly qualify under section 931 in 1974.OPINIONINTRODUCTION This proceeding is a companion case to Eli Lilly & Co. v. Commissioner, 84 T.C. 996 (1985), on appeal (7th Cir., Nov. 12, 1986), (hereinafter referred to as Eli Lilly)12A . Like Eli Lilly, the record in this case ......
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Inverworld, Inc. v. Commissioner, Docket No. 27089-90.
...482 reallocations are arbitrary, capricious, or unreasonable. Sundstrand Corp. v. Commissioner, supra; Eli Lilly & Co. v. Commissioner [Dec. 42,113], 84 T.C. 996, 1131 (1985), affd. in part, revd. in part and remanded [88-2 USTC ¶ 9502] 856 F.2d 855 (7th Cir. 1988). In deciding whether the ......
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Paccar, Inc. v. Comm'r of Internal Revenue
...clearly reflect the income of such corporations. For a discussion of the history and purpose of section 482, see Eli Lilly & Co. v. Commissioner, 84 T.C. 996, 1115-1116 (1985); Foster v. Commissioner, 80 T.C. 34, 191-195 (1983), affd. in part and vacated on another issue in part 756 F.2d 14......
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Coca-Cola Co. v. Comm'r
...shows that neither side is correct." Eli Lilly & Co. v. Commissioner, 856 F.2d 855, 860 (7th Cir. 1988), rev'g in part on other grounds 84 T.C. 996 (1985); see Amazon.com, Inc.,Page 93148 T.C. at 163-214 (making partial allocations with respect to buy-in payment for taxpayer's website techn......
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1 firm's commentaries
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Medtronic Part Deux: The Best Method Is Yet To Come?
...v. Commr., 96 T.C. 226, 353 (1991) (citing G.D. Searle & Co. v. Commr., 88 T.C. 252, 358 (1987), and citing Eli Lilly & Co. v. Commr., 84 T.C. 996, 1131 (1985), aff'd. on this issue, rev'd in part and rem'd, 856 F.2d 855 (7th Cir. 6. Eli Lilly & Co. v. Commr., 856 F.2d 855, 860 (and the cas......
3 books & journal articles
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Proposed section 482 regulations.
...that are to be independently examined under the arm's-length standard. The proposed regulations would overrule Eli Lilly v. Commissioner, 84 T.C. 996 (1985), aff'd in part, rev'd in part, and rem'd in part, 856 F.2d 855 (7th Cir. 1988), by making property contributed in a section 351 transa......
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Selected Canadian litigation aspects of international pricing disputes: effect of proposed changes.
...in major pricing cases in recent years as the Courts have refused to adopt IRS case theories. See, eg., Eli Lilly and Co. v. Commissioner, 84 T.C. 996 (1985), aff'd in part, rev'd in part, rem'd, 856 F.2d 855, 860 (7th Cir. 1988); G.D. Searle & Co. v. Commissioner, 88 T.C. 252 (1987); B......
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Temporary and proposed section 482 regulations.
...income from the entity who actually earned the income. (5) See, e.g., Bausch & Lomb v. Commissioner, supra; Eli Lilly v. Commissioner, 84 T.C. 996 (1985), aff'd in part, rev'd in part, and rem'd in part, 856 F. 2d 855 (7th Cir. (6) Rather than sending taxpayers on a quest for the "best"......