Raytheon Production Corporation v. Commissioner
United States Court of Appeals for the First Circuit
144 F.2d 110 (1944)
Relevant factsFree
Raytheon Production Corporation (plaintiff) sued another company under federal antitrust law and recovered $3 million in damages, characterizing its lawsuit as seeking recovery for the complete destruction of its business and goodwill — a return of capital — rather than for lost profits.
IssueFree
Whether compensation for the loss of goodwill in excess of cost is gross income.