This proceeding was brought for a redetermination of a deficiency of $41,302.26 in excess profits tax for 1942.
The sole contested issue is the proper basis, for equity invested capital purposes, of property received in December 1930 by petitioner from a wholly owned subsidiary.
The parties filed a stipulation of facts and evidence was adduced at the hearing. Those facts hereinafter appearing which are not from the stipulation are otherwise found from the...
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