Memorandum Opinion
MURDOCK, Judge:
The Commissioner determined a deficiency in excess profits tax for 1941 in the amount of $95,566.82. The parties have settled some of their differences and submit for decision only a question of equity invested capital. It is whether the Commissioner erred in excluding from "money previously paid in for stock" under section 718 (a) (1), I. R. C., $250,000 paid to the National City Company in connection with the sale of...
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