Respondent determined that there was an overassessment in petitioner's income tax for the years 1942 and 1943 in the respective amounts of $7,351.31 and $2,424.25 and determined deficiencies in excess profits tax for those years in the respective amounts of $15,577.59 and $8,551.27. These deficiencies in petitioner's excess profits tax are due to an adjustment in its average equity invested capital and the disallowance of a credit for borrowed capital. The respondent computed...
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