Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

Corn Products doctrine

Tax. The principle that a capital asset should be narrowly defined to exclude inventory-related property that is integrally tied to the day-to-day operations of a business. Corn Products Refining Co. u. C.I.R., 350 U.S. 46, 76 S.Ct. 20 (1955).