TIETJENS, Judge:
The respondent determined deficiencies in income tax for the calendar years 1948 and 1949 in the respective amounts of $1,216,173.51 and $1,377,204.78. The sole issue remaining for decision is whether the respondent erred in determining that the petitioner should have accrued additional interest income from a subsidiary in those years.
The petitioner's corporation income tax returns for 1948 and 1949 were filed with the collector of...
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