Memorandum Findings of Fact and Opinion
MULRONEY, Judge:
The respondent determined a deficiency in petitioner's 1959 income tax in the amount of $5,651.74. In his notice of deficiency respondent explained the deficiency resulted from his determination "that the deduction claimed for officers' salaries on your income tax return for the taxable year ended May 31, 1959 in the amount of $20,000.00 is disallowed to the extent of $14,000.00, in accordance with...
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