The Commissioner determined deficiencies for 1941 of $28,899.35 income tax, $13,352.92 declared value excess profits tax, and $95,740.40 excess profits tax. Petitioner claims a deduction of $173,500 paid to the trustee of "Executive Employees' Retirement Trust" established by it in 1941.
FINDINGS OF FACT.
The petitioner, a Wisconsin corporation organized in 1889, is engaged at Madison in the manufacture and sale of turret lathes and other machine tools....
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