On October 25, 2011, the Indiana Tax Court granted AE Outfitters Retail Co.'s motion for partial summary judgment.
The Court held that the Indiana Department of State Revenue must apply all of the methodologies listed in Indiana Code Sections 6-3-2-2(l) and (m) to fairly reflect a taxpayer's adjusted gross income assigned to Indiana prior to requiring a combined return.
Click here for a copy of the order.
Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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