Respondent determined deficiencies in income tax and fraud penalties for the years indicated as follows:
Year Deficiency 50% Penalty 1935........... $ 12,487.82 $ 6,243.91 1936........... 7,290.79 3,645.40 1937........... 2,198.65 1,099.33 1938........... 2,187.13 1,093.57 1939........... 8,712.28 4,356.14 1940........... 36,824.51 18,412.26 1941........... ...
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