OPINION.
JOHNSON, Judge:
The Commissioner determined a deficiency of $3,529.32 in petitioner's excess profits tax for 1942 by adding to excess profits tax net income tax-free interest on bonds of the Home Owners Loan Corporation. Petitioner indicated on its return an election to include tax-free interest in such net income, thereby gaining the right to reflect such bonds in invested capital, and did in fact include other tax-free interest in the net...
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