The Coastal Club, Inc. v. Commissioner of Internal Revenue
This text of 368 F.2d 231 (The Coastal Club, Inc. v. Commissioner of Internal Revenue) is published on Counsel Stack Legal Research, covering Court of Appeals for the Fifth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
Before us for review is a decision of the Tax Court of the United States revoking the tax exemption of the petitioner, The Coastal Club, Inc., and holding it liable for income tax upon monies received from oil and gas leases. The Coastal Club, Inc. v. Commissioner of Internal Revenue, 48 T.C. 783. This Court, finding itself in complete agreement with the conclusion which the Tax Court reached and with its opinion, affirms its decision. See United States v. Fort Worth Club, 5 Cir., 348 F.2d 891.
Affirmed.
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368 F.2d 231, Counsel Stack Legal Research, https://law.counselstack.com/opinion/the-coastal-club-inc-v-commissioner-of-internal-revenue-ca5-1966.