The Commissioner determined deficiencies in petitioner's income and declared value excess profits tax for the calendar year 1941 in the amounts of $990.24 and $270.37, respectively. The issue presented herein concerns respondent's disallowance of a deduction claimed by petitioner for amortization of an account called "Business Development Expense," representing expenditures made in prior years consisting of salaries, advertising, traveling expenses, and rent, claimed by petitioner...
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