OPINION.
MURDOCK, Judge:
The Commissioner determined a deficiency of $24,742.80 in income tax of the petitioner for 1954. The facts have been presented by a stipulation of facts which is adopted as the findings of fact. The petitioner filed its cash basis return for 1954 with the director of internal revenue at Denver, Colorado.
The petitioner claimed a deduction of $110,441.49 on its return as amounts contributed to a trust under a pension...
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