This proceeding involves a deficiency of $17,198.40 in income tax for 1941. Some of the issues raised by the pleadings have been either withdrawn or canceled or otherwise settled by agreement of the parties. The concessions made by the respondent are said to eliminate all but an insignificant portion of the deficiency. The petitioner contends, however, that it has overpaid its taxes for 1941 by the amount of $29,682.77 which it is entitled to have refunded.
The issues...
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