The Commissioner determined a deficiency in income tax in the amount of $46,514.10 for the year 1957.
The sole issue is whether amounts, totaling $57,567, paid by the Oliver Transportation Co., a partnership, during the year 1957 represented ordinary and necessary business expenses or capital expenditures.
FINDINGS OF FACT
Some of the facts have been stipulated, and, as stipulated, are incorporated herein by reference.
Ritner K. Walling and...
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