Dharma Enterprises v. Commissioner

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September 30, 1997

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2752 Commercial Printing, Lithographic
323111 Commercial Printing (except Screen and Books)
federal taxation
income tax, replacement cost method
Dharma Enterprises v. Commissioner
T.C. Memo. 1997-448, 1997 Tax Ct. Memo LEXIS 525
US
Federal Court
United States Tax Court
Philip Rowley (for petitioner) <br> Dr. Herbert Spiro (for respondent)
Gerber

Summary

At issue is whether the royalties paid to Dharma Mudranalaya for certain intangible assets were reasonable in amount.

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Legal and Court Case Update
November 1997

At issue is whether royalty payments are reasonable in amount and therefore considered to be a deductible expense incurred in carrying on a trade or business under Section 162(a)(3).