Memorandum Findings of Fact and Opinion
TURNER, Judge:
Respondent has determined a deficiency in income tax against petitioner for the year 1939 in the amount of $9,777.01. The question is whether portions of the amounts paid by petitioner to three of its stockholders in 1939 constituted reasonable salaries or compensation for services rendered by them to petitioner in that year, so as to be deductible by petitioner under section 23 (a) of the Internal Revenue...
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