This case involves deficiencies in income taxes for the calendar years 1937 and 1938 in the respective amounts of $121,369.66 and $45,943.17 and deficiencies and in excess profits taxes for the same years in the amounts of $46,079.28 and $32,973.56, respectively. The Commissioner determined the above deficiencies by adding to petitioner's reported income for 1937 and 1938, respectively, the sums of $383,994.07 and $274,779.70, as "depreciation decreased" and "excessive depreciation...
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