TIETJENS, Judge:
The Commissioner determined deficiencies in petitioner's Federal income tax in the amounts of $381,811 and $75,702.24 for taxable years 1964 and 1965, respectively. The only issue for decision is whether the value of petitioner's inventories, for income tax purposes, should include an allocable share of incentive compensation payments made to employees or whether petitioner's practice of deducting the entire payment in the year it was made...
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