The Coastal Club, Inc. v. Commissioner of Internal Revenue

Fifth Circuit

The Coastal Club, Inc. v. Commissioner of Internal Revenue

368 F.2d 231

Court of Appeals for the Fifth Circuit·Decided December 15, 1966·No. 23005_1·Published

Opinion

PER CURIAM:

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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PER CURIAM:

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.

The Coastal Club, Inc. v. Commissioner of Internal Revenue, 368 F.2d 231 (5th Cir. 1966).

Pincite

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Opinion

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