310 F2d 379 Edgewood Country Club v. United States

310 F.2d 379

63-1 USTC P 15,461

EDGEWOOD COUNTRY CLUB, a corporation, Appellant,
UNITED STATES of America, Appellee.

No. 8754.

United States Court of Appeals Fourth Circuit.

Argued Nov. 9, 1962.
Decided Dec. 5, 1962.

Thomas N. Chambers, Charleston, W. Va. (Lee O. Hill, and Jackson, Kelly, Holt & O'Farrell, Charlotte, W. Va., on brief) for appellant.

Michael I. Smith, Atty., Dept. of Justice (Louis F. Oberdorfer, Asst. Atty. Gen., Lee A. Jackson and Robert N. Anderson, Attys., Dept. of Justice, and Harry G. Camper, Jr., U.S. Atty., on brief), for appellee.

Before SOPER, BRYAN, and J. SPENCER BELL, Circuit Judges.


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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. Edgewood Country Club v. United States, 204 F.Supp. 508 (S.D.West Va., 1962).