The petitioner filed applications for relief from excess profits taxes for its fiscal years ended November 30, 1942 through 1946. The Commissioner granted those claims in part and denied them in part. The petitioner now contests the disallowance only with relation to the application of section 722 (b) (4).
FINDINGS OF FACT.
Don Baxter, Inc. (hereinafter referred to as the petitioner), a Nevada corporation with its principal place of business at Glendale...
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