Respondent determined a deficiency in petitioner's income tax for the year 1942 in the sum of $57,834.24. That part of the deficiency which is here in issue results from respondent's determination that, of the deduction claimed by petitioner for depreciation in the sum of $919,272.54, the amount of $144,585.59 was excessive and should be disallowed.
The case was submitted on the pleadings and on documentary evidence introduced at the hearing herein consisting of certain...
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