AMERADA HESS CORP. v. COMMISSIONER

Docket Nos. 5842-70, 1367-71.

65 T.C. 1161 (1976)

AMERADA HESS CORPORATION, SUCCESSOR BY MERGER OF HESS OIL AND CHEMICAL CORPORATION, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed March 29, 1976.


Attorney(s) appearing for the Case

Norman Sinrich, for the petitioner.

Robert S. Lamont and James L. Stegmann, for the respondent.


OPINION

FORRESTER, Judge:

On January 8, 1974, we entered decisions determining deficiencies in petitioner Amerada Hess Corp.'s income tax for the years 1964 and 1965 in accordance with our opinion filed November 14, 1973. White Farm Equipment Co., 61 T.C. 189 (1973). On May 13, 1975, the United States Court of Appeals for the Third Circuit reversed those decisions. 517 F.2d 75

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