Memorandum Findings of Fact and Opinion
SCOTT, Judge:
The respondent determined deficiencies in petitioner's income tax for the taxable years ended April 30, 1955, and April 30, 1956, in the amounts of $39,380.48 and $133,384.83, respectively.
The issues for decision are:
1. Whether the amounts accrued on the books of the petitioner as bonuses are deductible in the years as accrued.
2. Whether bonuses were paid to petitioner's employees...
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