Memorandum Findings of Fact and Opinion
Respondent has determined a deficiency of $7,965.38 in petitioner's income tax for the fiscal year ended February 28, 1947. The only question to be determined is whether certain amounts in excess of O. P. A. ceiling prices which petitioner allegedly paid for lumber and shingles constituted a part of the cost of goods sold. Some of the facts have been stipulated.
Findings of Fact
The stipulated facts are found...
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