This proceeding involves deficiencies in excess profits taxes in the amounts of $70,972.35 and $90,410.61 for the taxable years ended September 30, 1943 and 1944, respectively. The deficiencies are primarily due to the disallowance of certain compensation of officers for the years 1943 and 1944, which was explained in a statement attached to the deficiency notice as follows:
1943
The amounts claimed as deductions from gross income for the fiscal year...
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