American Compounding Co. v. Commissioner
2 B.T.A. 46, 1925 BTA LEXIS 2573
This text of 2 B.T.A. 46 (American Compounding Co. v. Commissioner) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
American Compounding Co. v. Commissioner, 2 B.T.A. 46, 1925 BTA LEXIS 2573 (bta 1925).
Opinion
[48]*48OPINION.
The taxpayer’s business is founded upon the exploitation of a certain secret medicinal formula, and its gross income is derived wholly from sales of preparations compounded according to such formula. This formula is an important capital element and is a material factor in producing profits.
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Related
Appeal of American Compounding Co.
2 B.T.A. 46 (Board of Tax Appeals, 1925)
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Bluebook (online)
2 B.T.A. 46, 1925 BTA LEXIS 2573, Counsel Stack Legal Research, https://law.counselstack.com/opinion/american-compounding-co-v-commissioner-bta-1925.