HEALY, Circuit Judge.
This is a proceeding to review a decision of the Tax Court determining deficiencies in the petitioner's income and excess profits taxes for the year 1943. Specifically, the grievance urged is the disallowance in part of a deduction taken by petitioner as the salary of its president, M. L. Hoffman, for that year. The deduction claimed was for the sum of $63,613,20, paid Hoffman pursuant to an employment contract entered into in December 1941....
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