The respondent allowed in part and disallowed in part the petitioner's applications for relief under section 722 of the Internal Revenue Code of 1939 for the fiscal years ending May 31, 1941 through 1945. The question for determination is as to a fair and just amount representing normal earnings to be used as petitioner's constructive average base period net income, for the purposes of section 722.
This proceeding was heard by a commissioner of the Court. Our findings...
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