Memorandum Findings of Facts and Opinion
The Commissioner determined deficiencies in excess profits taxes of $4,573.89 and $2,252.90 for 1943 and 1944. The questions to be determined are whether the Commissioner erred in arriving at the excess profits credit for 1943 and 1944 (1) in allowing an adjustment of $14,864.08 to the base period year 1937 net income as an abnormal deduction under section 711 (b) (1) (E) of the Internal Revenue Code, and (2) in disallowing...
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