United States Tax Court June 24, 1963, Docket Nos. 81970, 81976 (Industrial Research Products, Inc. v. Commissioner)

lead-opinion

Mulroney, Judge:

The respondent determined deficiencies In these consolidated cases, as follows:

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The questions to be decided are the correctness of the deductions taken by petitioners in both dockets for bond premium amortization under section 125 of the 1939 Code and section 171 of the 1954 Code and whether petitioners in docket No.