The respondent determined deficiencies in income tax and excess profits tax of $217.86 and $5,067.66, respectively, against the petitioner for 1942, and a deficiency in excess profits tax of $9,811.18 for 1944. Also, he denied claims for relief under section 722 of the Internal Revenue Code for the years 1942, 1943, and 1944.
The parties are agreed upon adjustments with respect to the respondent's determination of deficiencies and will give effect thereto in their...
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