Memorandum Findings of Fact and Opinion
The Commissioner determined a deficiency in income tax for the year 1939 in the amount of $4,218.53, $3,899.55 of which sum is in controversy. The issue raised is whether petitioner should be allowed a deduction of $20,523.92 as an ordinary and necessary business expense.
Findings of Fact
The petitioner is a New York corporation located in Auburn, New York, and is engaged in the manufacture and sale to retail...
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