The respondent determined a deficiency in petitioner's income and excess profits tax liability for the year 1951 in the amount of $17,208.84.
The sole issue for decision is whether the petitioner corporation, in computing its excess profits credit for the year 1951, is entitled to use the base period experience of the business operated by James M. Turner as a sole proprietor, by reason of being an "acquiring corporation" within the meaning...
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