OPINION.
OPPER, Judge:
A deficiency for the year 1942 in excess profits tax of $22,153.38 was originally placed wholly in issue by this proceeding. Two issues have now, however, been eliminated by mutual concessions, and what remains is a question as to the construction of section 742, Internal Revenue Code, said by the parties to be a matter of first impression.
All of the facts have been stipulated, and we find them accordingly. Petitioner...
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