LINCOLN CAN MANUFACTURING CORPORATION v. COMMISSIONER

Memorandum Findings of Fact and Opinion

LEECH, Judge:

Petitioner seeks a redetermination of its tax liability for the taxable year 1941, as follows:

  Income tax    Declared value excess-profits tax    Excess-profits tax

  $2,959.38    $2,132.79    $3,098.50

The sole contested issue is the reasonableness of the compensation paid by petitioner to its four officers for services rendered during the taxable year.

Findings...

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