WHALEY, Judge.
The sole issue in this case is one of law — the facts are stipulated. The question for decision relates to extra compensation granted by the directors of the corporation in the year 1926 to its president and general manager. In the income tax return for that year, the corporation deducted this item from the gross income, and the Commissioner of Internal Revenue disallowed the deduction.
The plaintiff is a large manufacturer of macaroni...
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