Memorandum Findings of Fact and Opinion
The Commissioner determined deficiencies in petitioner's income tax, declared value excess-profits tax, and excess-profits tax for the calendar year 1941, in the respective amounts of $3,466.60, $909.93, and $5,576.08.
The question presented is whether or not respondent erred in disallowing the deduction by petitioner of certain amounts paid its officers in 1941 as compensation for personal services on the ground that...
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