# Wall Prods. v. Comm'r

> United States Tax Court · July 20, 1948 · 11 T.C. 51

URL: https://www.frixlaw.com/law-library/cases/4472938

## Case

- **Full name:** Wall Products, Inc. v. Commissioner of Internal Revenue
- **Court:** United States Tax Court
- **Decided:** July 20, 1948
- **Citations:** 11 T.C. 51; 78 U.S.P.Q. (BNA) 217; 1948 U.S. Tax Ct. LEXIS 124
- **Precedential status:** Published
- **Opinion:** Dissent by Turnee
- **Judges:** Hill, Turnee
- **Cited by:** 0 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4472938

## Opinion text

Turnee, J., dissenting: In my opinion the facts in this case are not such as to justify the conclusion that petitioner’s two stockholders, Strange and Kastner, were the owners of a secret formula used by petitioner which would supply a basis for the deduction under section 23 (a) (1) (A) of the Internal Revenue Code of amounts paid to them by petitioner as payments for use of a secret formula. In my judgment the payments in question were nothing more than a distribution by petitioner of corporate profits to its principal stockholders.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4472938. Public record. Not legal advice.