Memorandum Findings of Fact and Opinion
ARNOLD, Judge:
The sole question involved in this proceeding is whether salaries paid by petitioner during the taxable year to its three officers and claimed as a deduction from gross income are reasonable in amount and for personal services actually rendered.
Findings of Fact
Petitioner was incorporated under the laws of the State of New York in 1937 to engage in the business of textile converting...
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