MEMORANDUM OPINION AND ORDER
OLIN HATFIELD CHILSON, District Judge.
This is an action for the refund of corporate federal income taxes assessed upon the plaintiff corporation and paid by it for the years 1960, 1961 and 1962.
The plaintiff claims exemption from corporate income taxes for the years in question under subchapter S of the 1954 Internal Revenue Code (§§ 1371-1377).
Subchapter S of the 1954 Internal Revenue Code (§...
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