Nachman v. Commissioner of Internal Revenue. Tobias v. Commissioner of Internal Revenue

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• cost of liquor license good for remainder of year must be capitalized where asset could reasonably be expected to serve taxpayer in future years
• cost of liquor license renewal privilege not amortizable where no evidence to show a departure from the city’s practice of renewing existing licenses, even though licensee had to apply annually for a renewal

Source: CourtListener parenthetical corpus (CC0).