The Commissioner has determined deficiencies in the petitioner's income taxes for the calendar years 1943, 1944, and 1945 in the amounts of $45,687.01, $48,120.07, and $9,363.83, respectively.
The Commissioner, in his notice of deficiency, did not allow any net operating loss carry-back for the years 1944 and 1945. By a stipulation filed in this proceeding, the parties agree that the petitioner had a net operating loss for the year 1946 of $91,266.60, and a net operating...
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