The Commissioner determined for the fiscal year ended October 31, 1943, a deficiency of $2,231.90 in declared value excess profits tax and a deficiency of $22,008.03 in excess profits tax of the petitioner. The issues for decision are whether the Commissioner erred in (1) disallowing the loss of $6,352.44 incurred in the operation of the book business department of the petitioner during the taxable year; (2) disallowing the net loss carry-over of $14,809.44 sustained in the...
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