McLELLAN, District Judge.
The petitioners seek to recover overpayments of income taxes for the year 1929. All seven cases were tried together upon stipulations and testimony, and may conveniently be disposed of in one opinion.
In 1929, the J. Cushing Company, a Massachusetts corporation, was dissolved under circumstances noted below, and its assets distributed in liquidation among its shareholders. The petitioners then held stock of the J. Cushing Company...
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