26 USC 7486 – Refund, credit, or abatement of amounts disallowed
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In cases where assessment or collection has not been stayed by the filing of a bond, then if the amount of the deficiency determined by the Tax Court is disallowed in whole or in part by the court of review, the amount so disallowed shall be credited or refunded to the taxpayer, without the making of claim therefor, or, if collection has not been made, shall be abated.
Terms Used In 26 USC 7486
- Tax Court: means the United States Tax Court. See 26 USC 7701
- taxpayer: means any person subject to any internal revenue tax. See 26 USC 7701