FISHER, Judge:
Respondent determined a deficiency of $38,995.04 in petitioners' income tax for the year 1953.
The principal issue before the Court is whether the amount of $50,000, which was given to Superior Feed Mills in December 1953, was an ordinary and necessary business expense deductible in full in that year.
Ida Cravens is the wife of R. D. Cravens and is also a petitioner because they filed joint tax returns. She was not active in the...
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