The Rinehart Oil News Company v. Commissioner of Internal Revenue

Fifth Circuit

The Rinehart Oil News Company v. Commissioner of Internal Revenue

369 F.2d 692

CourtCourt of Appeals for the Fifth Circuit

DecidedDecember 21, 1966

Docket23416_1

StatusPublished

Cited by9 cases

This text of 369 F.2d 692 (The Rinehart Oil News Company 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.

Bluebook

The Rinehart Oil News Company v. Commissioner of Internal Revenue, 369 F.2d 692 (5th Cir. 1966).

Pincite

Opinion

PER CURIAM:

In this Petition for Review of a Decision of the Tax Court of the United States, the Petitioner contends the decision of the Tax Court- is clearly erroneous as not being supported by any substantial evidence on the record as a whole.

We have carefully considered the record and conclude that the Tax Court correctly determined that no part of the sale price paid by Rinehart to Five Star Oil Reports, Inc. was paid in return for covenants by four of its stockholders not to compete. We affirm the decision upon the unpublished Findings of Fact and Opinion of the Tax Court. See Prentice-Hall, 65-177, Memo.T.C. 1965 p. 1027.

Free access — add to your briefcase to read the full text and ask questions with AI

PER CURIAM:

In this Petition for Review of a Decision of the Tax Court of the United States, the Petitioner contends the decision of the Tax Court- is clearly erroneous as not being supported by any substantial evidence on the record as a whole.

We have carefully considered the record and conclude that the Tax Court correctly determined that no part of the sale price paid by Rinehart to Five Star Oil Reports, Inc. was paid in return for covenants by four of its stockholders not to compete. We affirm the decision upon the unpublished Findings of Fact and Opinion of the Tax Court. See Prentice-Hall, 65-177, Memo.T.C. 1965 p. 1027.

Cite This Page — Counsel Stack

Bluebook (online)

369 F.2d 692, Counsel Stack Legal Research, https://law.counselstack.com/opinion/the-rinehart-oil-news-company-v-commissioner-of-internal-revenue-ca5-1966.

Opinion

Related

Cite This Page — Counsel Stack