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Island Acres, Inc. v. Olive

UNITED STATES COURT OF APPEALS FOR THE THIRD CIRCUIT


January 12, 1990

ISLAND ACRES, INC., APPELLANT
v.
ANTHONY P. OLIVE, DIRECTOR OF VIRGIN ISLANDS BUREAU OF INTERNAL REVENUE, AND GOVERNMENT OF THE VIRGIN ISLANDS, APPELLEES

ON APPEAL FROM THE DISTRICT COURT OF THE VIRGIN ISLANDS, Civil No. 86-467.

Gibbons, Chief Judge, Mansmann and Nygaard, Circuit Judges.

Author: Per Curiam

Opinion OF THE COURT

Per Curiam

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, Nos. 88-3872, 89-3012 (3d Cir. January 1990). For the reasons set forth therein, the judgment appealed from will be affirmed.

19900112

© 1998 VersusLaw Inc.



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