The Commissioner determined deficiencies in petitioner's income tax for the calendar years 1940 and 1941 in the amounts of $2,570.85 and $1,185.10, respectively. By stipulation, the parties agreed that if the respondent's determination is sustained the amount of the deficiency for 1941 is $1,860, in lieu of the amount of $1,185.10 set forth in the notice of deficiency. The deficiencies arose out of the disallowance of certain claimed deductions for depreciation and adjustments...
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