Memorandum Findings of Fact and Opinion
The Commissioner determined a deficiency in petitioner's income tax for the calendar year 1942 in the amount of $2,105.48, resulting from the disallowance, in part, of a deduction claimed for salaries paid to two of its principal officers, and an allowance for traveling expenses paid to one, and the disallowance of certain claimed deductions for ordinary and necessary business expenses.
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