This proceeding involves a deficiency in income tax for the year 1943 in the amount of $908.81.
The sole question presented is whether the foreign tax credit to which the petitioner was entitled in 1942 under the provisions of section 31 of the Internal Revenue Code must be applied against the petitioner's Federal income tax liability for 1942 as calculated before making the computations required by section 6 (a) of the Current Tax Payment Act of 1943, or whether...
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