Estate of Dora Halder - Page 3

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          Reconsideration                                                             
               Reconsideration under Rule 161 permits us to correct                   
          manifest errors of fact or law, or to allow newly discovered                
          evidence to be introduced that could not have been introduced               
          before the filing of an opinion, even if the moving party had               
          exercised due diligence.  See Rothwell Cotton Co. v. Rosenthal &            
          Co., 827 F.2d 246, 251, amended per order 835 F.2d 710 (7th Cir.            
          1987); see also Traum v. Commissioner, 237 F.2d 277, 281 (7th               
          Cir. 1956), affg. T.C. Memo. 1955-127.  The granting of a motion            
          for reconsideration rests within the discretion of the Court, and           
          we shall not grant a motion for reconsideration unless the party            
          seeking reconsideration shows unusual circumstances or                      
          substantial error.  See Alexander v. Commissioner, 95 T.C. 467,             
          469 (1990), affd. without published opinion sub nom. Stell v.               
          Commissioner, 999 F.2d 544 (9th Cir. 1993); Estate of Halas v.              
          Commissioner, 94 T.C. 570, 573 (1990); Vaughn v. Commissioner, 87           
          T.C. 164, 166-167 (1986); Estate of Bailly v. Commissioner, 81              
          T.C. 949, 951 (1983); Haft Trust v. Commissioner, 62 T.C. 145,              
          147 (1974), affd. on this issue 510 F.2d 43, 45 n.1 (1st Cir.               
          1975).  Reconsideration is not the appropriate forum for                    
          rehashing previously rejected legal arguments or tendering new              
          legal theories to reach the end result desired by the moving                
          party.  See Estate of Quick v. Commissioner, 110 T.C. 440, 441-             








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