Tax Estoppel: Litigation Positions Inconsistent With Tax Returns
In their Commercial Division update, Thomas Hall and Judith Archer discuss how recent decisions have routinely applied tax estoppel where appropriate, but also have highlighted limitations to the application of the doctrine. They examine a number of rulings that reflect the clear application of tax estoppel, and its use both offensively or defensively.
August 19, 2021 at 12:00 PM
9 minute read
The fundamental principle behind all types of legal estoppel is that there are some positions that a party should be prevented from taking based on some past action, assertion or matter that has already been fixed. Collateral estoppel, for example, prevents a party from relitigating an issue decided in a prior action. See Continental Cas. Co. v. Rapid American, 80 N.Y.2d 640, 649 (1993). Promissory estoppel prevents parties from avoiding commitments made when those promises would otherwise not be considered to be binding contracts. See Matter of Hennel, 29 N.Y.3d 487 (2017). Judicial estoppel prevents a party from asserting a position in a legal proceeding that is contrary to a position previously successfully taken by the same party in a prior legal proceeding. See Herman v. 36 Gramercy Park Realty Assoc., 165 A.D.3d 405 (1st Dept. 2018).
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