KENNEDY, District Judge.
This is a proceeding to review a decision of the Board of Tax Appeals sustaining the Commissioner in assessing a deficiency of $4,554.97 in income and excess profit taxes against the petitioner for the calendar year 1920.
The controversy arises in connection with the Revenue Act of 1918, § 326 (40 Stat. 1092), relating to invested capital. Summarized for the purposes of considering the question here involved, section 326 specifies...
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