SPROUSE, Circuit Judge:
The Commissioner of the Internal Revenue Service appeals from the judgments of the United States Tax Court which found no deficiencies in the income tax returns of the taxpayer, M. L. Eakes Co., Inc., for the tax years ending June 30, 1973, 1974, 1975 and 1977. The Commissioner had assessed deficiencies totalling $42,675.00. The Tax Court held that payments by taxpayer of the bankruptcy-discharged debts of its predecessor were necessary and...
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