Basf Wyandotte Corp., Formerly Wyandotte Chemical Corp. v. Commissioner of Internal Revenue

McALLISTER, Senior Circuit Judge.

This is an appeal from the decision of the United States Tax Court holding that appellant is liable for deficiencies for the taxable years of 1964 and 1965 in the amounts of $5,228.65 and $156,027.87, respectively, in which Judge W. M. Drennen filed an opinion and findings, and entered the decision reported in 62 T.C. 704.

At the outset it should be observed that the facts in the case are undisputed. The only questions involved are questions of law and the interpretations of the law as applied to the facts. While the facts are undisputed, it is necessary to…