The Commissioner determined a deficiency of $2,691.42 in the petitioner's excess profits tax for 1943. An overpayment of $3,666.60 in that tax is claimed by the petitioner.
The question in issue is whether the Commissioner erred in excluding from the petitioner's equity invested capital for 1943 income attributable to a discharge, in 1942, of indebtedness of the petitioner.
The parties have stipulated that, if the Commissioner prevails on this issue, the deficiency...
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