OPINION
DRENNEN, Judge:
Respondent determined deficiencies in petitioner's income taxes for its fiscal years ended October 31, 1961 and 1962, in the respective amounts of $40,114.29 and $38,573.53.
The issue for decision is whether payments in the amounts of $80,000 made by petitioner to the board of regents of the University of Washington in each of the taxable years involved, pursuant to a supplemental...
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