The respondent determined a deficiency of $685.29 in the petitioner's excess profits tax for the year 1941.
The single issue is whether the sum of $81,607.66, allowed as a compromise bad debt deduction in 1937, is not allowable (excludible) in full as a deduction abnormal to the petitioner for the purpose of determining its excess profits credit for the taxable year, under the provisions of section 711 (b) (1) (J) (i) of the Internal Revenue Code, or in the amount...
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