Parallel Ruling Undercuts Halliburton’s Tax Refund Bid, DOJ Says

Halliburton Co.‘s challenge to a Treasury regulation as part of its suit for an $11.4 million tax refund should be dismissed because another court has rejected substantially similar arguments, the Justice Department said.

The government‘s Sept. 12 notice of recent authority says a July ruling backing the IRS against another company’s excise tax suit supports its argument that Halliburton can’t challenge a Treasury regulation without first doing so as part of its administrative action seeking the refund.

The earlier ruling from the US District Court for the District of South Dakota rejected Trail King Industries Inc.'s argument that the ...