The respondent determined deficiencies in income tax and income and victory tax for the years 1941 and 1943 in the respective amounts of $3,467.58 and $10,028.63. He also added negligence penalties under section 293(a) of the Internal Revenue Code in the respective amounts of $173.38 and $501.43. Respondent has stipulated that the 5 per cent negligence penalties are not applicable to the deficiencies determined for the taxable years. Effect will be given to this stipulation...
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