Memorandum Opinion
SMITH, J.:
This is a proceeding for the redetermination of a deficiency in income tax for 1939 in the amount of $905.77. The petitioner alleges that the respondent erred in the determination of the deficiency by adding to the net income reported on its return $5,489.53 designated as "Gain on sale of Bonds."
[The Facts]
The petitioner is a banking corporation with its place of business at Clarksville, Virginia....
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