HENLEY, Chief Judge.
This is a suit for a refund of income tax deficiencies assessed against plaintiff with respect to 1957 and 1958 and which plaintiff paid in March 1960. The facts have been stipulated, and the case has been submitted on the pleadings, the stipulation, and written briefs.
Plaintiff, an Arkansas corporation having its principal place of business at Pine Bluff, Arkansas, is a retail dealer in farm machinery and equipment, handling principally...
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