equitable recoupment
- A principle that grants permission to the government to obtain a tax, or a taxpayer to collect a tax refund, even subsequent to the expiry of the legal period for such transactions, in cases where the expiration of the limitations period results in an unfair outcome
- Though the statue of limitations had passed, due to equitable recoupment they were able to reclaim the tax refund.
- The government used the doctrine of equitable recoupment to collect the tax past its usual collection period.
- Due to unjust circumstances, the taxpayer invoked equitable recoupment to recover their tax refund after the statute of limitations.
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