Appeal of American Compounding Co.
2 B.T.A. 46
CourtUnited States Board of Tax Appeals
DecidedJune 11, 1925
DocketDocket No. 1145
StatusPublished
Cited by1 cases
This text of 2 B.T.A. 46 (Appeal of American Compounding Co.) 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
Appeal of American Compounding Co., 2 B.T.A. 46 (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
American Compounding Co. v. Commissioner
2 B.T.A. 46 (Board of Tax Appeals, 1925)
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Bluebook (online)
2 B.T.A. 46, Counsel Stack Legal Research, https://law.counselstack.com/opinion/appeal-of-american-compounding-co-bta-1925.