The Commissioner determined a deficiency of $17,915.08 in income tax for 1943. The errors assigned are the disallowance of a deduction of $19,452.46 for 1942 representing a net operating loss carry-over from 1941 and the disallowance of an earned income credit with respect to income from the Modern Tools Co., a partnership, for the year 1942, or for that portion of the year prior to the petitioner's entry into the Army.
FINDINGS OF FACT.
The petitioner filed...
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