This case involves deficiencies in declared value excess-profits tax in the amount of $517.78, and excess profits tax in the amount of $3,353.79, for the taxable year ended September 30, 1945. The sole issue is whether a new lift covering the old roof of petitioner's building was a repair or a capital improvement.
Memorandum Findings of Fact and Opinion
Petitioner is an Ohio corporation with its principal place of business at Ripley, Ohio. The return for...
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