Edgewood Country Club, a Corporation v. United States

Fourth Circuit

Edgewood Country Club, a Corporation v. United States

310 F.2d 379, 11 A.F.T.R.2d (RIA) 1925

Court of Appeals for the Fourth Circuit·Decided December 5, 1962·No. 8754·Published·Cited by 3 cases

Opinion

PER CURIAM.

This is an appeal from a judgment of the District Court determining that the cost of certain shares of stock constituted an initiation fee and was, therefore, subject to the federal excise tax on initiation fees under Section 4241(a) (2) of The Internal Revenue Code of 1954 (26 U.S.C. 1958 ed., Sec. 4241(a) (2)).

The judgment of the court below is affirmed for the reasons set forth in the able opinion of Judge Watkins. Edge-wood Country Club v. United States, 204 F.Supp. 508 (S.D.West Va., 1962).

Affirmed.

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PER CURIAM.

This is an appeal from a judgment of the District Court determining that the cost of certain shares of stock constituted an initiation fee and was, therefore, subject to the federal excise tax on initiation fees under Section 4241(a) (2) of The Internal Revenue Code of 1954 (26 U.S.C. 1958 ed., Sec. 4241(a) (2)).

The judgment of the court below is affirmed for the reasons set forth in the able opinion of Judge Watkins. Edge-wood Country Club v. United States, 204 F.Supp. 508 (S.D.West Va., 1962).

Affirmed.

Edgewood Country Club, a Corporation v. United States, 310 F.2d 379, 11 A.F.T.R.2d (RIA) 1925 (4th Cir. 1962).

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