Island Acres, Inc. v. Anthony P. Olive, Director of Virgin Islands Bureau of Internal Revenue, and Government of the Virgin Islands
U.S. Court of Appeals for the Third Circuit
Island Acres, Inc. v. Anthony P. Olive, Director of Virgin Islands Bureau of Internal Revenue, and Government of the Virgin Islands, 893 F.2d 647 (3d Cir. 1990)
65 A.F.T.R.2d (RIA) 716; 1990 U.S. App. LEXIS 338; 1990 WL 1231
Island Acres, Inc. v. Anthony P. Olive, Director of Virgin Islands Bureau of Internal Revenue, and Government of the Virgin Islands
Opinion
OPINION OF THE COURT
Island Acres, Inc., a Virgin Islands inhabitant foreign corporation appeals from a judgment affirming deficiencies in income tax for the year ending November 30, 1981 and a penalty for intentionally disregarding Revenue Ruling 80-40. The legal issues presented are discussed in the opinion filed in Business Ventures International, Inc. v. Olive, 893 F.2d 641 (3d Cir. 1990). For the reasons set forth therein, the judgment appealed from will be affirmed.
Reference
- Full Case Name
- ISLAND ACRES, INC. Appellant, v. Anthony P. OLIVE, Director of Virgin Islands Bureau of Internal Revenue, and Government of the Virgin Islands Appellees
- Status
- Published