OPINION.
ARUNDELL, Judge:
This case involves excess profits tax deficiencies for the calendar years 1942 and 1943 in the respective amounts of $2,241.46 and $188.61.
The question at issue has to do with the effect upon invested capital of refunds of undistributed profits surtax paid by petitioner for 1936 and 1937.
The facts have been stipulated and are summarized in the following paragraph:
Petitioner is a corporation, with...
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