TRANSCO EXPLORATION CO. v. COMMISSIONER

Docket No. 5628-88.

95 T.C. 373 (1990)

TRANSCO EXPLORATION COMPANY, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed October 2, 1990.


Attorney(s) appearing for the Case

Emily A. Parker, Carla A. Howard, and Dennis J. Grindinger, for the petitioner.

John F. Eiman and Jeffrey N. Kelm, for the respondent.


OPINION

GOFFE, Judge:

The Commissioner determined a deficiency of $789,567.97 in petitioner's windfall profit tax under section 49861 for the taxable year 1980. In an amendment to answer, respondent increased petitioner's deficiency by $55,493.85, based on an alternative argument.

The parties submitted this case fully stipulated pursuant to Rule 122. The stipulation of facts and exhibits attached thereto are incorporated...

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