The Commissioner determined deficiencies in the petitioner's income tax and excess profits tax for the fiscal year ended April 30, 1945, in the respective amounts of $7,845.10 and $1,853.41.
The petitioner, under its pleadings, claims that it is entitled to a carry-back from the 1946 fiscal year to the 1945 fiscal year of unused excess profits credit in the amount of $67,415.85, and that no excess profits tax is due for its 1945 fiscal year. The respondent concedes...
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