JOHNSON, Justice.
The Plaintiff's Appeal
The plaintiff corporation made contributions of $60,000 and $18,000 in successive years to the City of Albemarle as inducement for the City to extend its water and sewer lines over its own streets to the plaintiff's mill and mill village. The plaintiff insists that for income tax purposes each of these items was deductible in its entirety the year of payment. The court below adopted the view that the payments were...
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