Memorandum Opinion
MURDOCK, Judge:
The Commissioner determined deficiencies of $21,552.99 and $5,230.79 in excess profits taxes of the petitioner for its fiscal years ended June 30, 1943 and 1944. The only question for decision is whether the petitioner is entitled to a deduction for percentage depletion for each year. The facts have been stipulated.
The petitioner, a Pennsylvania corporation, filed its returns for the years in question with the...
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