Excerpt of trial transcript from Cleo Perfume, Inc. v. Commissioner of the Internal Revenue, Docket Number: 26008-96, December 16, 1997 before U.S. Tax Court with Mr. James Dawson, District Counsel for IRS.
Mr. Dawson: But there’s still the issue of tax benefit.
The Court: Oh, I think there is a strong issue of tax benefit.
Mr. Dawson: There is a very strong issue of that, and that’s why I wanted - - that’s why it wasn’t - - it was just to educate the Court as to the tax benefit. That what hopefully the charts did, Your Honor. That’s all I was trying to do.
The Court: I understand that. So I look forward to receiving your briefs. I think both sides did an outstanding job in presenting the facts, so that we could understand it, and you both represented your clients extremely well, in my opinion.
Mr. Dawson: I’ll tell you, for the record, Your Honor, I think Mr. Garvin’s probably the best counsel out there for Petitioners. The gentlemen from Cleo Perfume should be very happy with that fact. He’s a tremendous attorney.
The Court: Thank you. Thank you all very much.
Mr. Garvin: Very kind. Thank you, Your Honor. It’s been a pleasure being before you.
(Whereupon, at 5:31 p.m., the trial was concluded.)
