The Commissioner determined a deficiency in excess profits tax against the petitioner for the taxable year ended August 31, 1942, in the amount of $41,963.82. The petitioner brings this proceeding for a redetermination of its excess profits tax liability.
Three of the errors assigned in the amended petition have been admitted by the respondent in his answer. These involve adjustments increasing excess profits net income of the base period as follows:
(1) Respondent...
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