Fidelity Investments wins court battle with IRS over coal tax credits

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Fidelity Investments wins court battle with IRS over coal tax credits
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Fidelity Investments on Wednesday won its court battle with the U.S. Internal Re...

FILE PHOTO: A sign marks a Fidelity Investments office in Boston, Massachusetts, U.S. September 21, 2016. REUTERS/Brian Snyder

U.S. Tax Court Judge David Gustafson ruled at a court hearing that a partnership led by Boston-based Fidelity was bonafide in its pursuit of generating tax credits from the production of treated coal.

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