Memorandum Opinion
SMITH, Judge:
This proceeding is for the redetermination of deficiencies in income tax and penalties as follows:
Year Deficiency 25% Penalty 1937........... $17.28 $4.32 1938........... 17.31 4.33 1939........... 17.28 4.33 1940........... 19.03 1.47
The only point in issue is whether the petitioner is entitled to deduct from gross...
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