Legal Opinion
Perkins v. United States
District Court, D. New Jersey
Decided April 25, 1963No. Civ. A. No. 134-61Published
1Opinion of the Court
AUGELLI, District Judge.
This case was tried to the Court, sitting without a jury. The sole issue involved is whether money received by Elkin Chemical Co., Inc. (“Elkin”) from a sale of patents to Texas Butadiene & Chemical Corporation (“TBC”) should be taxed as ordinary income or as a gain from the sale of capital assets held for more than 6 months.
The Court, having considered the evidence, the briefs filed on behalf of the parties, and the arguments of counsel, hereby makes the following findings of fact and conclusions of law:
FINDINGS OF FACT
1. This is a suit for refund of income taxes in…
2Cases cited4 opinions
- Dunlap, Acting Collector of Internal Revenue v. Oldham Lumber CoCourt of Appeals for the Fifth Circuit · 1950
- Lámar v. GrangerDistrict Court, W.D. Pennsylvania · 1951
- Beach v. ShaughnessyDistrict Court, N.D. New York · 1954
- Lockhart v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1958