EVANS, Circuit Judge.
The payment of $65,797.06 to petitioner in the year 1935 has become the subject of uncompromising controversy between the Commissioner and taxpayer. Respondent contends that this sum was a part of petitioner's taxable income for 1935. Petitioner argues that the amount was paid as a part of the purchase price of patents which it owned.
More specifically the litigation is over a deficiency tax totalling $11,702.91 which was made up of the...
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