THOMAS F. MURPHY, District Judge.
Plaintiff taxpayer seeks a return of income and excess profit taxes which it claims were illegally assessed and paid for the year 1944. The claim arises because the commissioner disallowed a deduction of $160,000 as an ordinary and necessary business expense which the taxpayer had accrued on its books.
Although the sole issue is whether or not the deduction was proper, a massive stipulation of facts has been submitted, most...
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