Respondent determined a deficiency in income tax for the year 1935 in the amount of $397.26. Certain adjustments are conceded by petitioner. The main question is whether petitioner, on the accrual basis, was entitled to deduct in 1935 customer refunds which were made in 1936 as a consequence of the holding of the Supreme Court in January 1936 that the Agricultural Adjustment Act processing tax was unconstitutional.
Petitioner filed its return with the collector for...
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