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
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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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).
188 F.2d 360 (William M. Bailey v. Commissioner of Internal Revenue) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.