Eli Lilly & Co. v. Commissioner
United States Tax Court
CONTENTSPageHeadnote999Introduction and Statement of Issues1001Findings of Fact1002I.History and Background of Eli Lilly & Co.1002A. Petitioner1002B. Lilly P.R.1004II.History and Background of Darvon and Darvon-N Products1004A. Propoxyphene and Propoxyphene Hydrochloride1004B. Propoxyphene Napsylate1006C. Success of Darvon and Darvon-N Products1007III.Manufacture of Darvon and Darvon-N Products1009A. Overview of Petitioner's Manufacturing Operations1009B. Manufacture of…
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CONTENTSPageHeadnote999Introduction and Statement of Issues1001Findings of Fact1002I.History and Background of Eli Lilly & Co.1002A. Petitioner1002B. Lilly P.R.1004II.History and Background of Darvon and Darvon-N Products1004A. Propoxyphene and Propoxyphene Hydrochloride1004B. Propoxyphene Napsylate1006C. Success of Darvon and Darvon-N Products1007III.Manufacture of Darvon and Darvon-N Products1009A. Overview of Petitioner's Manufacturing Operations1009B. Manufacture of Darvon Products1010C. Manufacture of Darvon-N Products1012D. Development of Manufacturing Know-How10121. Chemical…
1Opinion of the Court
Wiles, Judge:
Respondent determined deficiencies in petitioners’ Federal income taxes as follows:
Year Deficiency
1971. $7,622,449
1972 . 7,340,867
1973 . 6,853,816
By amendment to his answer, respondent asserted increased deficiencies in the following amounts:
Year Deficiency1
1971. $11,711,792
1972 . 11,626,363
1973 . 10,882,192
The entire amounts of the deficiencies determined by respondent for 1971 and 1972 are in dispute, and petitioners claim refunds for 1971 and 1972 in the amounts of $1,700,038 and $1,697,257, respectively. For 1973, all but $189,048 of the deficiency determined by respondent is…
2Cases cited67 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Gregory v. HelveringSupreme Court of the United States · 1935
- Jack E. Golsen and Sylvia H. Golsen v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1971
- Helvering v. HorstSupreme Court of the United States · 1940
62 more not listed; retrieve them via the Exa API.
3Cited by30 opinions
- Sundstrand Corp. v. CommissionerUnited States Tax Court · 1991
- Eli Lilly & Company and Subsidiaries, Cross-Appellees v. Commissioner of Internal Revenue, Cross-AppellantCourt of Appeals for the Seventh Circuit · 1988
- Estate of Carter v. CommissionerUnited States Tax Court · 1960
- Seagate Technology v. CommissionerUnited States Tax Court · 1994
- Paccar, Inc. v. CommissionerUnited States Tax Court · 1985
25 more not listed; retrieve them via the Exa API.