The Commissioner determined deficiencies in excess profits tax against the petitioner as follows: For the period July 29, 1942, to June 30, 1943, $68,150.58; and for the fiscal year ended June 30, 1944, $50,497.40.
The petitioner contends that the Commissioner erred in using as the petitioner's basis for depreciation of assets acquired from American Ecla Corporation their cost to the petitioner rather than their basis in the hands of the transferor, and in determining...
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