OPINION
PETERSON, Justice.
The commissioner of taxation disallowed a deduction for certain net operating losses claimed by relator taxpayer for its taxable year ended February 24, 1962, and accordingly assessed additional tax with interest for that period. Upon appeal, the Tax Court sustained the commissioner's order. We issued a writ of certiorari to review the order of the Tax Court.
All relevant facts have been stipulated. Relator, a Delaware...
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