Case Name: William M. BAILEY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Court: United States Court of Appeals for the Third Circuit
Jurisdiction: United States
Decision Date: 1951-05-01
Citations: 188 F.2d 360
Docket Number: No. 10407
Parties: William M. BAILEY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
Judges: 
Reporter: Federal Reporter 2d Series
Volume: 188
Pages: 360–360

Head Matter:
William M. BAILEY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
No. 10407.
United States Court of Appeals Third Circuit
Argued April 17, 1951.
Decided May 1, 1951.
Shaw & McQay, all of Pittsburgh, Pa., on the brief), for petitioner.
Louise Foster, Washington, D. C. (Theron Lamar Caudle, Asst. Atty. Gen., Ellis N. Slack, A. F, Prescott, Sp. Assts. to Atty. Gen., on the brief), for respondent.
Before McLAUGHLIN, STALEY and HASTIE, Circuit Judges.

Opinion:
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.