Memorandum Findings of Fact and Opinion
The Commissioner determined deficiencies for a fiscal year ended January 31, 1942 of $2,089.82 in income tax, $927.76 in declared value excess-profits tax, and $6,387.82 in excess profits tax. The only issue for decision is whether the Commissioner erred in disallowing the entire amount claimed as an addition to the reserve for bad debts.
Findings of Fact
The...
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