The Commissioner determined a deficiency of $3,383.73 in petitioner's income tax for the taxable year ended March 31, 1940, by disallowing a deduction of $30,786.78 claimed by it as rentals paid for use of machinery.
Petitioner assigns as error: (a) The disallowance by the Commissioner of such amounts claimed by it to have been paid as rentals on machinery, and (b), in the alternative, avers that, if the instruments upon which the alleged rental payments were made...
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