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Citation: 308 U.S. 488

1. Deputy v. Du Pont, No. 151, SUPREME COURT OF THE UNITED STATES, December 12, 1939, Argued , January 8, 1940, Decided

OVERVIEW: Respondent not entitled to tax deduction on payments made for stock acquired for benefit of corporate executives, as charges incurred were only within ambit of corporation's business, and were not ordinary for business respondent was engaged in.


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