Respondent determined a deficiency of $17,522.63 in petitioner's income tax for 1950. Although there were many adjustments to petitioner's 1949 and 1950 net income, only the year 1950 is before us. There is an overassessment for 1949. For 1950 there is only one issue for our consideration, that is, whether certain contributions considered as a whole are deductible in 1950.
FINDINGS OF FACT.
Most of the facts are stipulated and are incorporated herein by...
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