claim of right
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 286 U.S. 417 - North American Oil Consolidated v. Burnet · 1932Most cited · 1,601 citing opinions
If a taxpayer receives earnings under a claim of right and without restriction as to its disposition, he has received income which he is required to return, even though it may still be claimed that he is not entitled to retain the money, and even though he may still be adjudged liable to restore its equivalent.