Memorandum Opinion
DISNEY, Judge:
This case involves income tax for the taxable year ending March 31, 1941. Deficiency was determined in the amount of $1,647.61, all of which is in issue. The only question presented is whether the petitioner properly deducted an officer's salary as ordinary and necessary expense.
[The Facts]
The facts found by us may be briefly stated. The petitioner is a New Jersey corporation and was during the...
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