Appeal of American Compounding Co.
2 B.T.A. 46
United States Board of Tax Appeals·Decided June 11, 1925·No. Docket No. 1145·Published·Cited by 1 cases
Opinion
[48] OPINION.
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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Appeal of American Compounding Co., 2 B.T.A. 46 (bta 1925).
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Related
American Compounding Co. v. Commissioner
2 B.T.A. 46 (Board of Tax Appeals, 1925)