TIETJENS, Judge:
The Commissioner determined deficiencies in the petitioner's income and excess profits taxes for the years 1951, 1952, and 1953, as follows:
Year Deficiency 1951 ----------------------------------- $35,446.59 1952 ----------------------------------- 40,948.65 1953 ----------------------------------- 9,430.93
The petitioner conceded that certain adjustments...
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