KILKENNY, District Judge.
Plaintiff seeks recovery of income taxes and interest in the sum of $44,912.20, paid by the taxpayer for the years 1959 and 1960. The question presented is whether the taxpayer may properly deduct ad valorem taxes on land and timber, which timber the plaintiff's predecessor (Willamette National) had purchased under contract, under the terms of which, it agreed to pay such taxes.
Taxpayer is an Oregon corporation, owning and...
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