Memorandum Opinion
STERNHAGEN, J.:
Deficiencies of $537.16 in income tax and $356.82 in excess profits tax for 1939 resulted from the disallowance of part of a deduction for salary of the president of petitioner. Petitioner deducted $5,200, and the Commissioner disallowed $4,200 as being in excess of reasonable compensation. The petitioner is a New York corporation and filed its tax return for 1939 in the 14th Collection District of New York.
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