Memorandum Findings of Fact and Opinion
SMITH, Judge:
This proceeding involves deficiencies in income tax, declared value excess profits tax, and excess profits tax for 1941 in the respective amounts of $8,879.47, $5,133.53, and $18,372.30. The only question in issue is the reasonableness of the salaries which petitioner paid to its three principal officers in the taxable year. Other adjustments have been made in the deficiency notice which are not here...
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