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C. I. R. v. LAKE FOREST, INC.

No. 8542.

305 F.2d 814 (1962)

COMMISSIONER OF INTERNAL REVENUE, Petitioner, v. LAKE FOREST, INC., Respondent.

United States Court of Appeals Fourth Circuit.

Decided June 26, 1962.

Attorney(s) appearing for the Case

Fred E. Youngman, Attorney, Department of Justice (Louis F. Oberdorfer, Asst. Atty. Gen., and Lee A. Jackson and Melva M. Graney, Attorneys, Department of Justice, on brief), for petitioner.

Wallace C. Murchison, Wilmington, N. C. (Carter, Murchison, Fox & Newton, Wilmington, N. C., on brief), for respondent.

Before SOPER, BOREMAN and BRYAN, Circuit Judges.

ALBERT V. BRYAN, Circuit Judge.

"Civic leagues or organizations not organized for profit but operated exclusively for the promotion of social welfare" are exempt from Federal income taxes.1 Lake Forest, Inc., the Tax Court held, is such an organization. Thus defeated in his claim for taxes in the years 1948 to 1956, the Commissioner of Internal Revenue appeals. The taxpayer operated low-cost housing...

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