Rev. Rul. 84-39

1984-1 C.B. 279, 1984-11 I.R.B. 6.

                       Internal Revenue Service
                                 Revenue Ruling

                                OBSOLETE RULING

                           Published: March 12, 1984

Section 6402. - -Authority to Make Credit or Refunds, 26 CFR 301.6402-1:  Authority to make credits or refunds

Section 6611. - -Interest on Overpayments, 26 CFR 301.6611-1: Interest on overpayments.

Section 6621. - -Determination of Rate of Interest, 26 CFR 301.6621-1:  Interest rate.

Section 7805. - -Rules and regulations, 26 CFR 301.7805-1:  Rules and regulations

  Obsolete ruling.  G.C.M. 27026, relating to the treatment of the proceeds derived from public entertainments conducted for the benefit of charitable organizations, is obsolete.

  Periodically, the Internal Revenue Service has obsoleted rulings which, although not specifically revoked or superseded, are not considered determinative with respect to future transactions because (1) the applicable statutory provisions have been changed or repealed;  (2) the ruling position is specifically covered by statute, regulations or a subsequent published position;  or (3) the facts set forth no longer exist or are not sufficient to permit application of the current statute.

  The following ruling is hereby declared to be obsolete:  G.C.M. 27026, 1951-2 C.B. 7.

  The applicable principles of the ruling are included in section 1.61-2(c) of the Income Tax Regulations and are illustrated in Rev. Rul. 68-563, 1968-2 C.B. 44, and Rev. Rul. 71-33, 1971-1 C.B. 30.

Rev. Rul. 84-39, 1984-1 C.B. 279, 1984-11 I.R.B. 6.