This proceeding was brought for redetermination of a deficiency of $2,727.76 in excess profits tax for the taxable period from October 13, 1942, to December 31, 1942. Certain adjustments are not contested. The only issue is whether petitioner is entitled, under section 761, Internal Revenue Code, to a "plus adjustment" to equity invested capital claimed in the amount of $173,728.01 as a result of its receipt on November 30, 1942, of all the assets of a wholly owned subsidiary...
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