Affiliated Development Corp. v. Anthony P. Olive, Director of Virgin Islands Bureau of Internal Revenue, and Government of the Virgin Islands

Third Circuit

Affiliated Development Corp. v. Anthony P. Olive, Director of Virgin Islands Bureau of Internal Revenue, and Government of the Virgin Islands

893 F.2d 647, 65 A.F.T.R.2d (RIA) 716, 1990 U.S. App. LEXIS 339, 1990 WL 1229

Court of Appeals for the Third Circuit·Decided January 12, 1990·No. 89-3183·Published

Opinion

OPINION OF THE COURT

PER CURIAM.

Affiliated Development Corp., a Virgin Islands inhabitant foreign corporation, appeals from a judgment affirming deficiencies in income tax for the years ending November 30,1982 and November 30,1983, a penalty under 26 U.S.C. § 6661 for the year ending November 30, 1983, negligence penalties under 26 U.S.C. § 6653(a) for both years, and late filing penalties under 26 U.S.C. § 6051 for both years. The legal issues presented are discussed in the opin *648 ion filed in Business Ventures International Inc. v. Olive, Nos. 88-3872, 89-3012, 893 F.2d 641, (3d Cir. January 1990). For the reasons set forth therein, the judgment appealed from will be reversed to the extent that it affirmed the assessed deficiencies and penalties for the year ending November 30, 1983, but affirmed to the extent it affirmed assessment of a deficiency in taxes, and penalties, for the year ending November 30, 1982.

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OPINION OF THE COURT

PER CURIAM.

Affiliated Development Corp., a Virgin Islands inhabitant foreign corporation, appeals from a judgment affirming deficiencies in income tax for the years ending November 30,1982 and November 30,1983, a penalty under 26 U.S.C. § 6661 for the year ending November 30, 1983, negligence penalties under 26 U.S.C. § 6653(a) for both years, and late filing penalties under 26 U.S.C. § 6051 for both years. The legal issues presented are discussed in the opin *648 ion filed in Business Ventures International Inc. v. Olive, Nos. 88-3872, 89-3012, 893 F.2d 641, (3d Cir. January 1990). For the reasons set forth therein, the judgment appealed from will be reversed to the extent that it affirmed the assessed deficiencies and penalties for the year ending November 30, 1983, but affirmed to the extent it affirmed assessment of a deficiency in taxes, and penalties, for the year ending November 30, 1982.

Affiliated Development Corp. v. Anthony P. Olive, Director of Virgin Islands Bureau of Internal Revenue, and Government of the Virgin Islands, 893 F.2d 647, 65 A.F.T.R.2d (RIA) 716, 1990 U.S. App. LEXIS 339, 1990 WL 1229 (3d Cir. 1990).

Pincite

893 F.2d 647 (Affiliated Development Corp. v. Anthony P. Olive, Director of Virgin Islands Bureau of Internal Revenue, and Government of the Virgin Islands) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Opinion

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