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American Compounding Co. v. Commissioner

2 B.T.A. 46, 1925 BTA LEXIS 2573
United States Board of Tax Appeals·Decided June 11, 1925·No. Docket No. 1145.·Published

Opinion

[48] OPINION.

Trussell:

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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American Compounding Co. v. Commissioner, 2 B.T.A. 46, 1925 BTA LEXIS 2573 (bta 1925).

2 B.T.A. 46 (American Compounding Co. v. Commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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Appeal of American Compounding Co.
2 B.T.A. 46 (Board of Tax Appeals, 1925)