The Commissioner disallowed claims for refund of excess profits taxes of the three petitioners for their fiscal years ended on the last day of February in 1944 and 1945, holding that none of the petitioners was entitled to restore to its base period net income for its fiscal year ended February 28, 1937, any portion of a claimed abnormal deduction in respect of depreciation under the provisions of section 711 (b) (1) (J) (ii) and (K) (ii) of the Internal Revenue Code. The...
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