Legal Opinion
Commissioner v. Indianapolis Power & Light Co.
Supreme Court of the United States
Decided January 9, 1990No. 88-1319PublishedCited by 87 opinions
1Opinion of the CourtJustice Blackmun
Respondent Indianapolis Power & Light Company (IPL) requires certain customers to make deposits with it to assure payment of future bills for electric service. Petitioner Commissioner of Internal Revenue contends that these deposits are advance payments for electricity and therefore constitute taxable income to IPL upon receipt. IPL contends otherwise.
I — I
IPL is a regulated Indiana corporation that generates and sells electricity in Indianapolis and its environs. It keeps its books on the accrual and calendar year basis. During the years 1974 through 1977, approximately 5% of IPL’s…
2Cases cited17 opinions
- Commissioner v. Glenshaw Glass Co.Supreme Court of the United States · 1955
- North American Oil Consolidated v. BurnetSupreme Court of the United States · 1932
- Automobile Club of Mich. v. CommissionerSupreme Court of the United States · 1957
- James v. United StatesSupreme Court of the United States · 1961
- Commissioner v. WilcoxSupreme Court of the United States · 1946
12 more not listed; retrieve them via the Exa API.
3Cited by87 opinions
- Commissioner v. BanksSupreme Court of the United States · 2005
- Continental Illinois Corporation, Also Known as Continental Bank Corporation, Cross-Appellee v. Commissioner of Internal Revenue, Cross-AppellantCourt of Appeals for the Seventh Circuit · 1993
- United States v. Randolph GeorgeCourt of Appeals for the Ninth Circuit · 2005
- United States v. Grama K. BhagavanCourt of Appeals for the Seventh Circuit · 1997
- R. Timmis Ware and Catherine K. Ware v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1990
82 more not listed; retrieve them via the Exa API.