More Court Cases … Income Tax: Valley Medical

Business Valuation UpdateVol. 3 No. 11
Legal and Court Case Update
November 1997
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
September 30, 1997
Federal Court
United States Tax Court
Philip Rowley (for petitioner) <br> Dr. Herbert Spiro (for respondent)


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).

See Also

Dharma Enterprises v. Commissioner

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