BAILEY BROWN, District Judge.
This is a suit to recover a refund of income taxes paid by plaintiff pursuant to deficiency assessments for its fiscal years ending March 31, 1957 and 1958. These deficiency assessments resulted from a disallowance by the Commissioner of Internal Revenue of deductions based on expenditures and depreciation incurred in connection with reforestation, it being the position of the Commissioner that these items were properly capital expenditures...
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