The respondent determined deficiencies in income tax against the petitioner for the year 1940 in the amount of $864.35, and in declared value excess profits tax for the same year in the amount of $7,095.60.
The only issue now in controversy is whether the petitioner filed a timely 1940 return of capital stock tax, Form 707, for the year ended June 30, 1940, so as to be entitled to a credit in the computation of the declared value excess profits tax for the calendar...
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