Respondent determined a deficiency in petitioner's excess profits tax liability for the year 1945 in the amount of $7,622. The issue for decision is whether respondent was correct in determining that the entire profit on the sale of certain hosiery manufactured by petitioner was taxable to it.
FINDINGS OF FACT.
The stipulated facts are so found.
The petitioner is a Tennessee corporation with its principal place of business in Chattanooga, Tennessee...
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