OPINION.
MURDOCK, Judge:
The Commissioner determined deficiencies in excess profits tax of $3,581.06 for 1942 and $3,152.64 for 1943, and a deficiency of $84.03 in declared value excess profits tax for 1943. The issues for decision are: (1) Whether the Commissioner erroneously disallowed, as borrowed invested capital for each year, $28,000 representing an alleged loan to the taxpayer by the Hannibal Chamber of Commerce; (2) whether the Commissioner...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.