AVIATION COUNTRY CLUB, INC. v. COMMISSIONER

Docket No. 47316.

21 T.C. 807 (1954)

AVIATION COUNTRY CLUB, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated February 26, 1954.


Attorney(s) appearing for the Case

Stanley L. Drexler, Esq., for the petitioner.

Gene W. Reardon, Esq., for the respondent.


The respondent determined deficiencies in income tax of petitioner as follows:

Fiscal year ended                                     Amount

Apr. 30, 1950 -----------------------------------   $13,492.93
Apr. 30, 1951 -----------------------------------     8,061.06

The question presented is whether or not petitioner qualifies during the years involved for exemption from income tax as a corporation "* * * organized and operated exclusively...

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