Memorandum Findings of Fact and Opinion
HARLAN, Judge:
Respondent determined a deficiency in income tax of petitioner for the calendar year 1941 in the amount of $5,139.94.
The sole question presented for our decision is whether the respondent erroneously disallowed as a deduction the amount of $16,381.47 taken by the petitioner for "Development Costs (Abandoned)"
Findings of Fact
The petitioner, an Ohio corporation, was organized...
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