Petitioner here seeks redetermination of income and excess profits tax deficiencies for its fiscal year ended May 31, 1944, in the respective amounts of $4,964.28 and $2,771.55. The question for decision is whether petitioner is entitled to deduct in the taxable year the remaining unamortized portion of certain broker's fees and commissions for services in procuring a loan in 1941.
The facts have been stipulated.
FINDINGS OF FACT.
Petitioner Longview...
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