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Meyer A. MATHIASEN and E v. lyn Mathiasen, Petitioners,

PER CURIAM.

Upon review of the record we find no error in the holding of the Tax Court that the payment made by the petitioners (taxpayers) in compromise of litigation was not a deductible expense under either Section 162 or Section 212 of the Internal Revenue Code of 1954.

The Decision of the Tax Court will be affirmed.

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MATHIASEN v. COMMISSIONER OF INTERNAL REVENUE
(Dec 28, 1962)