Memorandum Opinion
MULRONEY, Judge:
The respondent determined a deficiency in petitioner's 1955 income tax in the amount of $111,019.06.
All of the facts are stipulated and they are found accordingly.
The only issue presented is whether petitioner is entitled to a deduction of $160,218.66 representing attorney fees that it paid in 1955 to the attorneys who successfully prosecuted a derivative action on its behalf and for and on behalf of...
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