Memorandum Findings of Fact and Opinion
BRUCE, Judge:
Respondent determined deficiencies in income taxes in the amounts of $34,035.14 and $29,786.70 for the fiscal years ending April 30, 1956, and April 30, 1957, respectively.
The sole question for our determination is the reasonableness of salary payments made by petitioner to its president in each of the above-noted years.
Findings of Fact
Certain facts have been stipulated. The...
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