BEAM, Circuit Judge.
This case presents the question whether the method of accounting for inventory shrinkage used by a retailer, Dayton Hudson Corporation and Subsidiaries (Dayton Hudson), is permissible. Dayton Hudson appeals from the tax court's decision upholding the Commissioner of Internal Revenue's (Commissioner's) determination of tax deficiencies. We reverse.
I. BACKGROUND
The parties have largely stipulated the facts. Dayton Hudson is a...
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