Respondent determined a deficiency in the income and excess profits taxes of the American Gear and Manufacturing Co. in the amount of $91,803.92 for the period from April 7, 1942, to December 31, 1942. A portion of this deficiency was due to deferment of tax under section 710 (a) (5) of the Internal Revenue Code of 1939, and a portion was due to "standard issue" adjustments. Respondent mailed a notice of transferee liability to Maurice A. White, who was transferee of all...
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