For its fiscal year ended October 31, 1943, the Commissioner has determined a deficiency in petitioner's income tax of $568.48, a deficiency in petitioner's declared value excess profits tax of $585.79, and a deficiency in petitioner's excess profits tax of $13,280.02. The deficiencies result mainly from the disallowance by the Commissioner of $12,880 of a deduction claimed by petitioner on its return for the period in question, which is explained in the deficiency notice...
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