The Commissioner determined income tax deficiencies of $15,328.32 and $1,449.88 for the years 1940 and 1941. The petitioner assails as erroneous the disallowance by the Commissioner of the portion of a claimed deduction in 1940 and 1941 of so-called "contract completion discount" set up in a reserve account which was applicable to partial deliveries on contracts completed in the subsequent year. Other adjustments made by the Commissioner to 1940 and 1941 taxable income are...
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