Respondent determined a deficiency in petitioner's income tax in the amount of $11,619.42 for the calendar year 1941. The amount in controversy is $22,800, since petitioner claims an overpayment of $11,180.58.
The only question presented is whether respondent erred in disallowing as a deduction an amount of $30,000 claimed on petitioner's return as interest paid on indebtedness. Further adjustments made by respondent to petitioner's income that are not here in dispute...
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