PER CURIAM:
The appellee taxpayers instituted a refund suit, seeking to recover taxes paid because the Internal Revenue Service disallowed a deduction claimed by the taxpayers for bad debts under 26 U.S.C. § 166 (1970). The District Court granted a judgment for the taxpayers, and the Government appeals.
In 1949 Milton Anderson commenced a floor covering business as a sole proprietorship. He incorporated the business in 1956, exchanging the assets of his...
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