SIMPSON, Judge:
The Commissioner determined a deficiency of $9,376 in the petitioner's Federal corporate income taxes for its taxable year ending November 30, 1971. The sole issue for decision is whether the petitioner properly accrued, during the year in issue, a contribution to its profit-sharing plan.
FINDINGS OF FACT
Some of the facts have been stipulated, and those facts are so found.
The petitioner, Lozano, Inc. (Lozano), is...
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