In the notice of deficiency, the respondent determined deficiencies in excess profits tax for the calendar years 1942 and 1943 in the amounts of $3,930.87 and $17,887.20, respectively, and in the same notice disallowed the petitioner's applications for relief and claims for refund of excess profits tax under section 722 (c) (1) and (c) (2) of the Internal Revenue Code.
The only issue is whether the petitioner is entitled to refunds of excess profits tax of $7,026...
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