William M. Bailey v. Commissioner of Internal Revenue
188 F.2d 360, 40 A.F.T.R. (P-H) 458, 1951 U.S. App. LEXIS 3946
This text of 188 F.2d 360 (William M. Bailey v. Commissioner of Internal Revenue) is published on Counsel Stack Legal Research, covering Court of Appeals for the Third Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
William M. Bailey v. Commissioner of Internal Revenue, 188 F.2d 360, 40 A.F.T.R. (P-H) 458, 1951 U.S. App. LEXIS 3946 (3d Cir. 1951).
Opinion
There is ample evidence to support the findings of the Tax Court that petitioner had not made an outright' sale of his invention as he claims and that, therefore, the proceeds of the transaction are taxable to him as ordinary income. The decision of the Tax Court will be affirmed.
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Bluebook (online)
188 F.2d 360, 40 A.F.T.R. (P-H) 458, 1951 U.S. App. LEXIS 3946, Counsel Stack Legal Research, https://law.counselstack.com/opinion/william-m-bailey-v-commissioner-of-internal-revenue-ca3-1951.