Coastal Club, Inc. v. Commissioner

Nov. 15, 1966, Rehearing Denied Dec. 15, 1966.

Fifth Circuit Court of Appeals · decided 1966-11-15

2 counsel of record

Relies on Local Finance Corp. v. Commissioner · United States v. Fort Worth Club · Joseph G. Moretti, Inc. v. Caterpillar Tractor Co.

Opinion by Per Curiam · Decided 1966-11-15

Petition for Review of Decision of the Tax Court of the United States (Louisiana Case).

Lee I. Park, Gerald D. Morgan, Arthur Peter, Jr., Washington, D.C., for petitioner.

Richard M. Roberts, Act. Asst. Atty. Gen., Meyer Rothwacks, Lee A. Jackson, C. Moxley Featherston, Gilbert E. Andrews, Thomas Silk, Attys., D. of J., Washington, D.C., for respondent.

Before JONES, WISDOM and GOLDBERG, Circuit Judges.

PER CURIAM:

¶1

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, 43 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.

¶2

Affirmed.