The respondent determined a deficiency in income tax for the year 1940 in the amount of $33,884.75. The deficiency results from several adjustments in petitioner's net income, as reported in its return, which are not contested. Also, respondent now agrees, under amendments to the pleadings, that petitioner is entitled to additional deductions aggregating $15,746.53. Effect will be given to respondent's agreement on these items under a Rule 50 recomputation.
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