The Commissioner determined deficiencies in income and declared value excess profits taxes of $80,003.39 and $10,718.25 for the taxable year ended June 30, 1942. The main issue for decision is whether the Commissioner erred in holding that the petitioner should have accrued, as income for the taxable year, the amount which it billed to the Cuban Government for services rendered during that year in carrying freight, passengers, and mail. An alternative issue is whether charges...
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