Memorandum Findings of Fact and Opinion
OPPER, Judge:
By this proceeding petitioner challenges respondent's determination of deficiencies for 1943 of $3,044.86 in declared value excess profits tax and $64,082.51 in excess profits tax. The deficiencies result in part from respondent's action reducing from $100,000 to $30,000 the cost of merchandise exchanged for 200 shares of petitioner's stock. The result was a corresponding reduction in equity invested...
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