The Phrase "Entered Under Rule 155" Indicates That

question 52

Multiple Choice

The phrase "Entered under Rule 155" indicates that

• A)the computation of the exact amount of the tax deficiency has been left to the litigating parties.
• B)the court has not reached a decision concerning the appropriate tax treatment of an issue.
• C)the parties have agreed not to appeal the decision.
• D)only one Tax Court judge reviewed the case.

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Definitions:

Civil Aeronautics Board

The Civil Aeronautics Board was a federal agency in the United States that regulated aviation services, including fares, routes, and schedules, before its dissolution in 1985.

Fares

The prices charged for transportation services, such as bus, train, or airplane tickets.

Routes

Paths or directions followed for the transportation of goods or services from one location to another.

Clayton Act

A U.S. antitrust law enacted in 1914, aimed at promoting fair competition and preventing monopolies by prohibiting certain types of anti-competitive practices.