United States Tax Court.
Memorandum Findings of Fact and Opinion
The respondent determined income tax deficiencies for the years 1943 and 1944 as follows:
Year Deficiency 1943 .................... $37,862.61 1944 .................... 3,990.56
The questions in issue in this proceeding are:
1. Is petitioner entitled to deduct, as interest under section 23 (b) of the Internal Revenue Code, amounts accrued and paid upon 7 per cent promissory...
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