SWAN, Chief Judge.
The question presented by this appeal is whether the respondent taxpayer is entitled under section 124(d) of the Internal Revenue Code, 26 U.S.C.A., to have his 1943 income tax recomputed with respect to the amortization deduction of an "emergency facility."
The facts were stipulated. The taxpayer acquired the "emergency facility" in January 1943. By virtue of § 124(a) and (b) he was entitled, at his election, to amortize its cost over...
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