Memorandum Opinion
VAN FOSSAN, Judge:
The respondent determined deficiencies of $4,197.91 in income tax and $260.51 in declared value excess profits tax for 1941.
Four errors were alleged, of which the respondent conceded the first relating to reasonableness of salaries, and of which petitioner conceded the third and fourth relating, respectively, to long-term capital loss and an operating loss deduction. The sole question remaining for our consideration...
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