STANLEY v. COMMISSIONER

Docket No. 9064-86.

61 T.C.M. 1699 (1991)

T.C. Memo. 1991-20

Leroy P. Stanley v. Commissioner.

United States Tax Court.

Filed January 22, 1991.


Attorney(s) appearing for the Case

Larry A. Campagna and Robert I. White, 1200 Smith St., Houston, Tex., for the petitioner. Albert A. Balboni, for the respondent.


Memorandum Opinion

TANNENWALD, Judge:

This case is before us on cross motions for entry of decision based on stipulations of settlement by the parties.

Insofar as is pertinent to these cross motions, the notice of deficiency in respect of the 1982 taxable year: (1) disallowed $157,500.00 of deductions in respect to OEC Leasing transactions (see Heasley v. Commissioner [90-1 USTC ¶ 50,314], 902 F.2d 380

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