The Commissioner determined deficiencies in the petitioner's excess profits tax for the years 1944 and 1945, in the amounts of $5,019.05 and $3,108.43, respectively. The deficiencies result principally from adjustments made by the Commissioner decreasing the amount of the petitioner's equity invested capital for each of the taxable years. The petitioner concedes that some adjustments are correct.
The issues for decision are:
(1) Whether petitioner is entitled...
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