Memorandum Findings of Fact and Opinion
HARLAN, Judge:
The respondent determined a deficiency of $984.36 in income tax and a deficiency of $2,405.20 in excess profits tax for the taxable year of the petitioner ending July 31, 1945.
The issues presented for our determination are:
1. In computing its taxable income for the taxable year ended July 31, 1945, is the petitioner entitled to a deduction from gross income, as an "ordinary and necessary...
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