Memorandum Findings of Fact and Opinion
TIETJENS, Judge:
This proceeding involves deficiencies for the calendar year 1942 as follows:
Income tax.............................. $ 2,064.00 Declared value excess-profits tax....... 1,596.70 Excess profits tax...................... 18.866.99
The issues presented are whether respondent erred in disallowing a claimed deduction of $26,818.53 as a reasonable addition to petitioner's...
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