OPINION
IRWIN, Judge:
Respondent determined a deficiency in income tax of $55,491 against petitioner for the fiscal year ending March 31, 1962. Other years are indirectly involved because of the carryover and carry-back provisions of the Internal Revenue Code.
The issues involved herein are: (1) Whether petitioner had an existing liability for the total estimated payments under the State Workmen's Compensation...
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