Tax developments - The validity of the 245A DRD for indirectly owned foreign corporations - On January 21, 2025, the IRS filed a motion for summary judgment asking the Tax Court to hold that Sysco Corporation (Sysco)...more
Addressing written description and obviousness issues, the US Court of Appeals for the Federal Circuit reversed the US Court of Federal Claims (CFC), holding that the CFC erred in finding the claims invalid under 35 USC ยง 112...more