August 14, 2019 / 7:52 PM / in 4 days

Fidelity Investments wins court battle with IRS over coal tax credits

BOSTON, Aug 14 (Reuters) - Fidelity Investments on Wednesday won its court battle with the Internal Revenue Service over tax credits for the production of chemically treated coal.

U.S. Tax Court Judge David Gustafson ruled at a court hearing that Boston-based Fidelity’s partnership was bonafide in its pursuit of generating tax credits from the production of treated, or refined coal. (Reporting by Tim McLaughlin in Boston Editing by Leslie Adler)

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