Island Acres, Inc. v. Olive (893 F.2d 647, 1990)

United States Court of Appeals for the Third Circuit 1990-01-12

Citations

Full opinion text

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, 893 F.2d 641 (3d Cir.1990). For the reasons set forth therein, the judgment appealed from will be affirmed.