This proceeding involves deficiencies of $6,153.84 and $846.26 in declared value excess profits tax and of $76,031.67 and $44,779.20 in excess profits tax for the calendar years 1942 and 1943, respectively. The issues are whether the respondent erred in disallowing as deductions certain amounts each year as excessive compensation paid to two of petitioner's officers; whether the deferment of excess profits tax provided for in section 710 (a) (5) of the Internal Revenue Code...
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