Memorandum Findings of Fact and Opinion
The Commissioner determined deficiencies in petitioner's income tax liability for the calendar year 1940 in the amount of $1,714.65, and in income and excess profits tax for the calendar year 1941, in the respective amounts of $2,429.93 and $3,992.55, resulting from the disallowance, as unreasonable, of part of the deduction claimed for compensation paid its president and vice-president.
Findings of Fact
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