The Commissioner determined a deficiency of $2,107.74 in income tax and one of $620.94 in declared value excess profits tax for the fiscal year ended January 31, 1945. The only issue for decision presented by the pleadings is whether the Commissioner erred in disallowing a deduction of $7,280.71 claimed as an ordinary and necessary expense under section 23 (a) (1) (A) of the Internal Revenue Code, representing an amount paid in settlement of a suit for violation of OPA regulations...
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