Memorandum Opinion
RAUM, Judge:
Respondent determined deficiencies in petitioner's income taxes for the fiscal years ended May 31, 1956, and May 31, 1957, in the amounts of $12,146.20 and $17,795.12, respectively.
The sole issue is whether credits to certain dealer's reserve accounts maintained by lending institutions which financed petitioner's sales were includible in petitioner's income for the years in which such credits were made.
Petitioner...
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