TEXACO INC. v. TAXATION DIV. DIR.


13 N.J. Tax 572 (1994)

TEXACO INC., A DELAWARE CORPORATION, PLAINTIFF, v. DIRECTOR, DIVISION OF TAXATION, DEPARTMENT OF THE TREASURY, DEFENDANT.

Tax Court of New Jersey.

February 18, 1994.


Attorney(s) appearing for the Case

Laurence Reich (Carpenter, Bennett & Morrissey, attorneys) and Fredric J. Attermeier, admitted pro hac vice, for plaintiff.

Sarah T. Darrow for defendant (Deborah T. Poritz, Attorney General of New Jersey, attorney).


LASSER, P.J.T.C.

Taxpayer, Texaco, Inc. seeks to set aside that portion of the final determination of tax liability of the Director of the Division of Taxation under the Corporation Business Tax Act for calendar years 1973 through 1978, which imposes interest on a tax deficiency of $578,394 for the period after April 15, 1981, on the ground that taxpayer's tax liability was fully satisfied by an overpayment of $2,348,606...

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