The government won its second victory in the past month in a lease-in, lease-out tax shelter case, after the Court of Appeals for the Fourth Circuit agreed with a federal district court that BB&T Corp. is barred from obtaining a tax refund of approximately $4.5 million.

The appeals court ruled that BB&T was not entitled to any tax deductions relating to a complex leasing transaction between that company and Sodra Cell AB, a Swedish wood pulp manufacturer.

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