United States Tax Court.
Memorandum Findings of Fact and Opinion
LEECH, Judge:
Respondent has determined deficiencies for the calendar year 1940, as follows:
Declared Value Excess Profits Income Tax Excess-Profits Tax Tax $11,498.39 $731.80 $6,563.21
The only question presented is whether the taxpayer is entitled to a new election for percentage depletion for that period of the year 1940...
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