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This document is a court opinion regarding whether stipends received by three taxpayers from their employer, Westinghouse Electric Corporation, as part of a fellowship program to obtain PhDs were excludable from taxable income as scholarships under the Internal Revenue Code. The court held that the stipends had the normal characteristics of scholarships and were intended to encourage further education, and therefore were excludable from taxable income under Section 117 of the Internal Revenue Code. The cour

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Scribd Government Docs

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EN