OPINION.
MURDOCK, Judge:
The Commissioner determined deficiencies of $1,899.14 in income tax and $2,970.35 in excess profits tax for 1945, and a deficiency in income tax of $7,075.38 for 1946. The issues for decision are whether amounts credited in each year to a reserve for reinsurance are properly a part of income and whether the petitioner may deduct on an accrual basis or only on a cash basis Pennsylvania stock taxes imposed upon its shareholders...
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