Memorandum Findings of Fact and Opinion
OPPER, Judge:
Petitioner assails respondent's determination of a deficiency in excess profits tax for 1942 of $124,051.52. Concessions of the parties have disposed of several issues. The sole remaining question is whether a payment made by petitioner to its general manager during the taxable year is deductible as compensation or whether it constituted the purchase price of stock. Some of the facts have been stipulated...
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