SCOTT, Judge:
Respondent determined deficiencies in petitioner's income tax in the amounts of $46,114.69 for the taxable year ended June 30, 1960, and $10,370.84 for the short taxable year July 1, 1960, through December 31, 1960.
The issue for decision is whether petitioner should be allowed deductions for additions to its reserve for bad debts in the respective amounts of $85,852.22 and $23,000 for its taxable year ended June 30, 1960, and its short...
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