The respondent determined a deficiency of $230.92 in the petitioner's income tax for the year 1941 and deficiencies of $1,165.36 and $1,723.16 in its excess profits taxes for the years 1941 and 1942, respectively. He also determined an overassessment of $271.76 in the petitioner's income tax for the year 1942.
The sole issue is whether or not, in computing its base period income for the determination of its excess profits credit for the years 1941 and 1942, the petitioner...
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