Per Curiam.
Tax Commissioner's Rule TX-43-05 provides that the appropriate accounting period under R. C. 5733.05 for corporations in the circumstances of appellee, a business newly-incorporated in 1971, extends from the corporation's incorporation date to December 31, 1971.
Pursuant to R. C. 5733.05, a corporation's annual report determines the value of the issued and outstanding shares of stock of the taxpayer, which is the base or measure of the franchise...
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