Respondent determined deficiencies in petitioner's excess profits tax for the years 1942 and 1943 in the respective amounts of $3,030.97 and $35,840.88, and in declared value excess profits tax for 1943 in the amount of $1,517.57.
Two issues are contested: (1) Whether petitioner is entitled to a deduction in 1943 of the sum of $35,000, or any portion thereof, which it claims represents royalty payments accrued by it in that year; (2) whether additional compensation...
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