JONES, Chief Judge.
The question here involved is whether the payment of income taxes to the Government of Puerto Rico by a joint venture of which plaintiff corporation was a member entitled the plaintiff to a credit against its federal tax liability in the United States of a proportionate share of such taxes under the provisions of Section 131 of the Internal Revenue Code, 26 U.S.C.A. § 131.
The stipulation of facts shows the following: Plaintiff is...
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