SCOTT, Judge:
Respondent determined a deficiency of $449,413.94 in petitioner's income tax for its fiscal year ended January 31, 1959. The issue for decision is whether in computing its taxable income, petitioner properly reduced its gross sales for its fiscal year 1959 by the sum of an amount which it had proposed as a refund to its principal customer under price redeterminable contracts and an amount which it had estimated as the refund applicable to other...
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