In this proceeding respondent determined a deficiency in excess profits tax for the calendar year 1945 in the amount of $36,663.98. To this determination petitioner assigns only one error, as follows:
(a) The sum of $22,228.17 received by the taxpayer in 1945 and treated as recovery of a bad debt, prior tax, or delinquency amount, and its exclusion as taxable income is not recognized.
This assignment of error presents the only issue in this proceeding, namely...
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