The petitioner alleges that the respondent erred in disallowing a deduction from gross income claimed on the petitioner's return for 1941 for the amount of $40,000 paid into a trust fund created for the benefit of the petitioner's employees. The respondent determined deficiencies of $5,826.10 in corporation income tax, $2,495.36 in declared value excess profits tax, and $16,519.23 in excess profits tax for the year 1941. The facts are found as stipulated. Such facts are stated...
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