LITTLETON, Judge.
It is the contention of plaintiff that in respect of the payments to the publishing company, pursuant to the agreement of May 5, 1916, it was entitled to deduct $15,787.72 as an ordinary and necessary expense in determining consolidated net income for the year 1918, such amount being equal to 6 per cent. of the gross cash receipts of $263,128.71 for 1918.
It is agreed that if plaintiff is correct in this contention, the correct amount of...
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