Memorandum Opinion
ARUNDELL, Judge:
The respondent determined a deficiency in income tax for the fiscal year ended August 31, 1940 in the amount of $575, and by amended answer claimed an increased deficiency in alternative amounts. The deficiency resulted from the disallowance in part of a dividends paid credit. The facts have been agreed to by the parties and we are asked to decide the legal question presented. In order to understand that question a brief...
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