Memorandum Findings of Fact and Opinion
TURNER, Judge:
The respondent determined an income tax deficiency of $894.42 and an excess profits tax deficiency of $2,553.17 against the petitioner for the fiscal year ended January 31, 1946. The issue is whether the respondent properly disallowed as excessive $6,600 paid as officers' salaries by the petitioner for the taxable year.
Findings of Fact
The petitioner was a corporation organized under...
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