C. A. NORGREN CO. v. UNITED STATES

Civ. A. No. 63-C-79.

268 F.Supp. 816 (1967)

C. A. NORGREN CO., a corporation organized and existing under the laws of the State of Colorado, Plaintiff, v. UNITED STATES of America, Defendant.

United States District Court D. Colorado.

May 3, 1967.


Attorney(s) appearing for the Case

Milton E. Meyer, Jr., and Arnold C. Wegher, Denver, Colo., for plaintiff.

Lawrence M. Henry, U. S. Atty., Milton C. Branch, Asst. U. S. Atty., Denver, Colo., and Kenneth L. MacCardle, Trial Atty., U. S., Dept. of Justice, Washington, D. C., for defendant.


MEMORANDUM OPINION AND ORDER

ARRAJ, Chief Judge.

Plaintiff taxpayer, C. A. Norgren Co., has moved for a partial summary judgment, as to its claim that it is entitled to a refund because the proceeds from certain patent transfers should have been taxed at the long term capital gain rather than ordinary income rate. The three tax years in question are plaintiff's fiscal years 1961, 1962 and 1963.

The amounts...

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