Valero Energy Corp. v. Commissioner

VALERO ENERGY CORPORATION AND SUBSIDIARIES, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Valero Energy Corp. v. Commissioner

Docket No. 22874-90.

United States Tax Court

T.C. Memo 1994-132; 1994 Tax Ct. Memo LEXIS 140; 67 T.C.M. (CCH) 2526;

March 29, 1994, Filed

Decision will be entered under Rule 155.

Lawrence Sherlock and George A. Hrdlicka, for petitioner.

T. Richard Sealy III, for respondent.

BEGHE

BEGHE

MEMORANDUM FINDINGS OF FACT AND OPINION

BEGHE, Judge: Respondent determined deficiencies in petitioner's 1980 and 1981 Federal income tax in the respective amounts of $ 251,582 and $…