Case Name: The RINEHART OIL NEWS COMPANY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Court: United States Court of Appeals for the Fifth Circuit
Jurisdiction: United States
Decision Date: 1966-11-23
Citations: 369 F.2d 692
Docket Number: No. 23416
Parties: The RINEHART OIL NEWS COMPANY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
Judges: 
Reporter: Federal Reporter 2d Series
Volume: 369
Pages: 692–692

Head Matter:
The RINEHART OIL NEWS COMPANY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
No. 23416.
United States Court of Appeals Fifth Circuit.
Nov. 23, 1966.
Rehearing Denied Dec. 21, 1966.
Richard A. Freling, Robert B. Ward, Dallas, Tex., for appellant, Jenkens, Anson, Spradley & Gilchrist, Dallas, Tex., of counsel.
Richard M. Roberts, Acting Asst. Atty. Gen., Lee A. Jackson, Atty., Mitchell Rogovin, Asst. Atty. Gen., Dept. of Justice, Richard P. Milloy, Atty., I. R. S., Gilbert E. Andrews, Jr., Howard M. Koff, Richard C. Pugh, Nicholas McGrath, Attys., Dept. of Justice, Washington, D. C., for respondent.
Before TUTTLE, Chief Judge, and JONES and GEWIN, Circuit Judges.

Opinion:
PER CURIAM:
In this Petition for Review of a Decision of the Tax Court of the United States, the Petitioner contends the decision of the Tax Court- is clearly erroneous as not being supported by any substantial evidence on the record as a whole.
We have carefully considered the record and conclude that the Tax Court correctly determined that no part of the sale price paid by Rinehart to Five Star Oil Reports, Inc. was paid in return for covenants by four of its stockholders not to compete. We affirm the decision upon the unpublished Findings of Fact and Opinion of the Tax Court. See Prentice-Hall, 65-177, Memo.T.C. 1965 p. 1027.