Group Tax Return definition
Examples of Group Tax Return in a sentence
Newco shall prepare and file, or cause to be prepared and filed, any Emerson Contributed Subsidiary Non-▇▇▇▇▇▇▇ Group Tax Return and any other Tax Return of any member of the Newco Group that is not a Pre-Closing Emerson Combined Tax Return.
For avoidance of doubt, Seller shall have the sole right to control and settle any examination, investigation, audit or other administrative or judicial proceeding in respect of any Seller Group Tax Return and Buyer shall have no right to participate therein.
If a Subsequent Loss is carried back into any taxable period ending on or before the Closing Date, (i) Sellers shall be entitled to any refund of Taxes realized as a result thereof to the extent such Subsequent Loss relates to or affects any Excluded Taxes or that is carried back to a Seller Group Tax Return and (ii) Purchaser shall be entitled to any other refund of Taxes resulting from such Subsequent Loss.
If a portion or all of any ▇▇▇▇▇▇▇ Contributed Subsidiary Carried Item is allocated to a member of a Combined Group pursuant to Section 5, and is carried forward to an ▇▇▇▇▇▇▇ Contributed Subsidiary Non-▇▇▇▇▇▇▇ Group Tax Return, any Tax benefits arising from such carryforward shall be retained by the Newco Group.
Each of U S WEST and New U S WEST shall give written notice to the other party of any audit of the U S WEST Consolidated Group Tax Return for any Pre-Separation Taxable Period or Straddle Period within ten (10) business days after receipt of written notification of such audit from the IRS.
Notwithstanding the foregoing, if any Contest relates to an Affiliated Group Tax Return, Parent and Seller shall have the sole right to control and settle such Contest, provided, Parent and Seller shall keep Buyer reasonably informed to the extent such Contest relates to Taxes or Tax matters of any member of the Company Group.
Unless required otherwise by applicable Tax Law or the actions of a Tax Authority, the parties agree that the New Fluor Group shall be entitled to claim such deduction or other Tax Benefit on the appropriate New Fluor Group Tax Return filed after the Distribution Date, and, except as provided under Section 5.04(d)(vi)(B) below, the Parent Group shall not claim any such deduction or other Tax Benefit on any Tax Return of the Parent Group.
For avoidance of doubt, Buyer shall have no right to review any Seller Group Tax Return.
Unless required otherwise by applicable Tax Law or the actions of a Tax Authority, the parties agree that the New Fluor Group shall be entitled to claim such Tax Benefit on the appropriate New Fluor Group Tax Return filed after the Distribution Date, and, except as provided under Section 5.04(d)(v)(B) below, the Parent Group shall not claim any such Tax Benefit on any Tax Return of the Parent Group.
Newco shall have the right to control all matters relating to any Tax Proceeding relating to any ▇▇▇▇▇▇▇ Contributed Subsidiary Non-▇▇▇▇▇▇▇ Group Tax Return and any Tax attributable to any ▇▇▇▇▇▇▇ Contributed Subsidiary or Deferred Business that is not required to be reported on a Tax Return, other than any Tax Proceeding relating to Pre-Closing Restructuring Taxes or Deferred Closing Taxes.