AUGELLI, District Judge.
This case was tried to the Court, sitting without a jury. The sole issue involved is whether money received by Elkin Chemical Co., Inc. ("Elkin") from a sale of patents to Texas Butadiene & Chemical Corporation ("TBC") should be taxed as ordinary income or as a gain from the sale of capital assets held for more than 6 months.
The Court, having considered the evidence, the briefs filed on behalf of the parties, and the arguments...
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