Disallow

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Disallow

To exclude; reject; deny the force or validity of.

The term disallow is applied to such things as an insurance company's refusal to pay a claim.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
Section 274(e)(2) operates as an exception to the general entertainment deduction disallowance rule of section 274(a).
Pursuant to the loss disallowance rule calculation in Treasury Regulations section 1.1502-20(a), the "duplicated loss" exceeded the claimed "economic loss." Thus, Rite Aid was denied its deduction for a loss on the sale.
"All told, this Commission finds the disallowances and affirms the modification in some NDs" the three-man panel stated.
Thus, if a financial institution has a qualified tax-exempt obligation that meets these four requirements, the interest expense deduction is subject to a 20% (instead of 100%) disallowance.
We do not agree, however, that the potential disallowance of a tax position should be accounted for as though the tax position were never claimed.
A total of P2,067,686,833.22 in transactions have been issued notices of disallowances which are now under appeal before the COA Commission Proper.
In its apparent zeal both to issue guidance quickly and also to change company behavior by imposing a deduction disallowance on all "entertainment" use of company aircraft by "specified individuals," the IRS conjured a methodology for allocating expenses to any entertainment use that can yield surprising results.
Citing Audit Rule IV Section 4 of the 2009 Revised Rules of Procedure, the audit agency said it is required to issue notices of disallowance and charges whenever there are differences arising from the settlement of accounts.
The Commission on Audit (COA) issued two separate rulings in May on petitions for review of notices of disallowance that it earlier issued for PhilHealth.
The new regulations represent the government's latest response to the Federal Circuit's decision in Rite Aid, 255 F3d 1357 (2001), which held that the "duplicated loss" factor of the loss disallowance rule (LDR) found in former Regs.