The Commissioner determined deficiencies in excess profits taxes of $4,170.08 for 1941 and $7,560 for 1942. In his amended answer the Commissioner claimed additional deficiencies of $674.68 for 1941 and $2,410.39 for 1942. Petitioner claims overpayment of excess profits taxes of $24,641.91 in 1941 and $60,681.96 in 1942.
The questions to be determined are: (1) Whether, for the purpose of computing petitioner's excess profits credit based on income, the daily capital...
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