7th Circ. Judges Scrutinize $11M Tax Ruling In NBA Team Sale

By Anna Scott Farrell · January 20, 2023, 3:40 PM EST

Seventh Circuit judges questioned a U.S. Tax Court decision blocking a company's $10.6 million ordinary business deduction for the sale of the NBA's Memphis Grizzlies, saying reclassifying the break as a...

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