DRIVER, District Judge.
The Tax Court of the United States determined a deficiency in the excess profits tax of petitioner for the year 1943, based upon the disallowance of a deduction claimed by the taxpayer in the amount of $22,229.37. The principal question presented here is whether the deduction should have been allowed.
Petitioner, a California corporation, filed its income and excess profits tax returns on a cash basis for the calendar year 1943. Its...
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