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Citation: 367 U.S. 303

1. Jarecki v. G. D. Searle & Co., No. 151, SUPREME COURT OF THE UNITED STATES, March 21, 1961, Argued , June 12, 1961, Decided ** Together with No. 169, Polaroid Corporation v. Commissioner of Internal Revenue, certiorari to the United States Court of Appeals for the First Circuit, argued March 21-22, 1961.

OVERVIEW: Two corporate taxpayers were liable under the Excess Profits Tax Act of 1950 because the income from the sales from their inventions was not included in the definition of "discovery" and was not shielded from the excess tax.


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