Respondent determined a deficiency in the corporation income tax of petitioner for the taxable year ended December 31, 1942, in the amount of $7,349.11. The only issue is whether respondent erred in restoring to petitioner's income in 1942 the amount of $10,087.02 representing percentage depletion deducted in 1941 on cash bonuses or advance royalties received by petitioner as lessor of oil and gas leases subsequently released without production in 1942. Petitioner contends...
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