BEALS'ESTATE v. Commissioner of Internal Revenue

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that stock transferred in exchange for a taxpayer’s agreement not to compete was income to the taxpayer, and not merely “ancillary” to a larger reorganization plan
• payment under covenant not to compete is compensation for refraining from exercising right to engage in business

Source: CourtListener parenthetical corpus (CC0).