ALEXANDER HARVEY, II, District Judge:
Loyola Federal Savings and Loan Association (Loyola Federal) is here seeking to recover income taxes and interest previously paid the District Director of Internal Revenue. Specifically at issue in this case is whether this taxpayer was entitled to make certain deductions in the taxable years 1963 and 1964 as bad debt reserves.
As a domestic building and loan association, Loyola Federal was...
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