WITHEY, Judge:
The respondent determined deficiencies in petitioner's income tax in the amount of $17,457.20 and in declared value excess-profits tax in the amount of $5,336.34 for the taxable year ended January 31, 1945. The issue for decision is whether the adjustment made by the respondent is authorized by section 3801 (b) (3) of the Internal Revenue Code.
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