1. Corn Prods. Ref. Co. v. Comm'r, No. 20, SUPREME COURT OF THE UNITED STATES, Argued October 18, 1955 , November 7, 1955
OVERVIEW: Petitioner's transactions in corn futures were not "capital assets" and, thus, were subject to treatment as ordinary income, as futures activity was not distinct from petitioner's manufacturing business, nor constituted speculative activity.
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