MAJOR, Circuit Judge.
This is a petition for review of a decision of the Tax Court holding that certain payments made by petitioner to some of its stockholders pursuant to an obligation of its agent assumed by petitioner were not deductible as ordinary and necessary business expense within the meaning of Sec. 23(a) (1) (A) of the Internal Revenue Code of 1939, 26 U.S.C.A.
The facts upon which this decision was reached were stipulated and are substantially...
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