The respondent, for the calendar year 1942, determined a deficiency in declared value excess profits tax of $823.25; a deficiency in excess profits tax of $22,331.69; and an overassessment in income tax of $4,852.30. Petitioner contests the entire deficiency in excess profits tax, but makes no contest as to the remainder of the determination.
Petitioner, in its excess profits tax return, schedule B, line 24 (c), claimed as abnormal deductions under section 711 (b...
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