LEWIS R. MORGAN, Circuit Judge:
The question for decision in this case is whether the district court erred in granting the government's motion for summary judgment in taxpayer's suit for tax refund. The facts are not disputed. The legal issue presented, however, is the validity of an IRS regulation requiring that a cost basis be used in determining the depletion deduction allowed a charitable organization for computation of net investment income. Because the regulation...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.