The Commissioner has determined a deficiency in petitioner's income tax for the year 1944 of $981.93 and deficiencies in petitioner's excess profits tax for the years 1943 and 1944 in the respective amounts of $8,436.84 and $1,076.71. The deficiencies are explained, in pertinent part, in a statement attached to the deficiency notice, as follows:
1943 and 1944
Depletion is calculated by the percentage method, since the cost of the oil-producing properties...
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