Court of Appeals for the Fifth Circuit May 11, 1981, 79-3765 (Exempt Carriers, Inc. v. United States)

RONEY, Circuit Judge:

In this accumulated earnings tax refund suit, the taxpayer, Exempt Carriers, Inc., attempted to prove its earnings were retained to finance planned expansion projects and were not accumulated beyond its reasonably anticipated business needs. After presentation of all the evidence to the jury, the .