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AMICUS AI
Citation Codes
Equivalent Citations
citation codes
Docket Number
Attorney(S)
  • William Wallace Booth, Pittsburgh, Pa. (Charles L. Albright, Jr.
  • Reed, Smith, Shaw McClay, all of Pittsburgh, Pa., on the brief), for
  • Louise Foster, Washington, D.C. (Theron Lamar Caudle,
  • , Ellis N. Slack, A.F. Prescott, Sp.
  • to
  • , on the brief), for
Judges
  • Gerald McLaughlin
  • Austin Leander Staley
  • William Henry Hastie
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Cites
Cited by
Citation Codes
Equivalent Citations
citation codes
Docket Number
Attorney(S)
  • William Wallace Booth, Pittsburgh, Pa. (Charles L. Albright, Jr.
  • Reed, Smith, Shaw McClay, all of Pittsburgh, Pa., on the brief), for
  • Louise Foster, Washington, D.C. (Theron Lamar Caudle,
  • , Ellis N. Slack, A.F. Prescott, Sp.
  • to
  • , on the brief), for
Judges
  • Gerald McLaughlin
  • Austin Leander Staley
  • William Henry Hastie
See more information ...
Smart Summary

William M. BAILEY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

PER CURIAM.

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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Comments

BAILEY v. COMMISSIONER OF INTERNAL REVENUE
(May 1, 1951)