ISLAND ACRES, INC. APPELLANT,
v.
ANTHONY P. OLIVE, DIRECTOR OF VIRGIN ISLANDS BUREAU OF INTERNAL REVENUE, AND GOVERNMENT OF THE VIRGIN ISLANDS APPELLEES
ISLAND ACRES, INC. APPELLANT,
ANTHONY P. OLIVE, DIRECTOR OF VIRGIN ISLANDS BUREAU OF INTERNAL REVENUE, AND GOVERNMENT OF THE VIRGIN ISLANDS APPELLEES
893 F.2d 647
United States Court of Appeals for the Third Circuit (1990)
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.