Goldsby King Mem. Hosp. v. Commissioner
United States Tax Court
The petitioner was organized exclusively and, during the taxable years, was operated exclusively for charitable purposes and no part of its net income inured to the benefit of any private shareholder or individual; nor was any part of its activities the carrying on of propaganda, or otherwise attempting to influence legislation. Held, that it was therefore exempt from taxation under the provisions of the applicable Revenue Acts.
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The petitioner was organized exclusively and, during the taxable years, was operated exclusively for charitable purposes and no part of its net income inured to the benefit of any private shareholder or individual; nor was any part of its activities the carrying on of propaganda, or otherwise attempting to influence legislation. Held, that it was therefore exempt from taxation under the provisions of the applicable Revenue Acts. A corporation otherwise exempt is not deprived of exemption because it incidentally carries on profitable activities in furtherance of its predominant charitable…
1Opinion of the Court
The Goldsby King Memorial Hospital, a corporation, v. Commissioner.
Goldsby King Mem. Hosp. v. Commissioner
Docket No. 204.
United States Tax Court
1944 Tax Ct. Memo LEXIS 176; 3 T.C.M. (CCH) 693; T.C.M. (RIA) 44233;
July 19, 1944
The petitioner was organized exclusively and, during the taxable years, was operated exclusively for charitable purposes and no part of its net income inured to the benefit of any private shareholder or individual; nor was any part of its activities the carrying on of propaganda, or otherwise attempting to influence legislation. Held, that it was therefore exempt from…
2Cases cited7 opinions
- Helvering v. BlissSupreme Court of the United States · 1934
- Helvering v. Coleman-Gilbert AssociatesSupreme Court of the United States · 1935
- Whitehead v. CommissionerUnited States Tax Court · 1944
- Anderson Country Club, Inc. v. CommissionerUnited States Tax Court · 1943
- Appeal of Unity School of ChristianityUnited States Board of Tax Appeals · 1926
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