This proceeding involves a redetermination of a deficiency in income tax for the calendar year 1941 in the amount of $5,253.
The only issue in controversy is whether petitioner is precluded by section 24 (c) of the Internal Revenue Code from deducting in the taxable year certain wages and compensation which were entered on his books on or about May 15, 1942, as of December 31, 1941, and paid by him on or about September 12, 1942, to his two daughters for services...
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