Respondent determined a deficiency in petitioner's excess profits tax for the year ended December 31, 1942, in the amount of $12,732.82. Certain adjustments made by respondent are not contested. The only question presented is whether respondent erred in disallowing in part the compensation paid to one of petitioner's officers during 1942.
The tax return for the year involved was filed with the collector of internal revenue for the third district of New York, at New...
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