The Commissioner determined a deficiency of $11,708.50 in the petitioner's excess profits tax liability for the year 1941. He disallowed a claim for refund of such tax in the amount of $6,766.06, with interest thereon of $137.17. The petition was filed under section 732 (a) of the Internal Revenue Code.
The questions to be determined are:
(1) Whether, in computing the average base period net income of its component corporation, petitioner is entitled, under...
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