Memorandum Findings of Fact and Opinion
SIMPSON, Judge:
The Commissioner determined the following deficiencies in the petitioner's Federal corporate income taxes:
Year Deficiency 1964 ................ $61,037.37 1965 ................ 66,748.00
The issue to be decided is whether the petitioner is entitled to a deduction with respect to a claimed loss for the termination of certain contract rights in 1967...
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