McNAMEE, District Judge.
Facts
Plaintiff is an Ohio corporation, and brings this action to recover with interest income and excess profit taxes for the years 1949 and 1950 which were paid under protest.
The principal issue is whether advancements made by plaintiff to its wholly owned subsidiary, Byerlyte Export Company, Ltd. (hereinafter called Export) were deductible as bad debts under Section 23(k), I.R.C.1939, 26 U.S. C.A. § 23(k), as claimed...
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