MOUNTAIN WATER CO. v. COMMR. OF INTERNAL REVENUE, 35 T.C. 418 (1960) THE MOUNTAIN WATER CO. OF LA CRESCENTA, PETITIONER, v. COMMISSIONER OFINTERNAL REVENUE, RESPONDENT. Docket No. 71607.United States Tax Court. Filed December 13, 1960. Petitioner was a mutual water company exempt from tax under section 501(c) (12), I.R.C. 1954, and its predecessor sections under […]
