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DUROVIC v. COM'R OF INTERNAL REV.

No. 76-1380.

542 F.2d 1328 (1976)

Marko DUROVIC, Petitioner-Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided October 21, 1976.

Attorney(s) appearing for the Case

Edward J. Calihan, Jr., Anna R. Lavin, Chicago, Ill., for petitioner-appellant.

Scott P. Crampton, Asst. Atty. Gen., Michael L. Paup, Atty., Tax Div., Dept. of Justice, Meade Whitaker, Washington, D.C., for respondent-appellee.

Before SPRECHER and WOOD, Circuit Judges, and WOLLENBERG, Senior District Judge.

SPRECHER, Circuit Judge.

The salient issue in this appeal is the proper method of converting Argentine pesos into United States dollars for income tax purposes. What appears to be a simple question has so far required two Tax Court decisions and two appeals to this court.

I

This income tax case is another chapter in the history of the controversial drug Krebiozen,1 developed by Dr. Stevan Durovic, and financed in part...

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