Deductions from taxable incomes. When allowed.
EVANS, Circuit Judge.
This appeal presents three questions growing out of the Board's denial of taxpayers' asserted right to make deductions from their taxable income.
The first asserted deduction is from the 1924 and 1925 returns and applies to both petitioners. It represents the amounts paid to sisters, pursuant to a contract negotiated April 19, 1913, in settlement of a threatened contest of the will...
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