Memorandum Findings of Fact and Opinion
ARNOLD, Judge:
The sole question presented here is whether petitioner is taxable upon gain from the sale on February 10, 1937, of 19,000 shares of its own capital stock.
The Commissioner, as a result of certain adjustments, determined a deficiency in income tax for 1937 of $5,622.82. Petitioner accepted the adjustments but claims it erred in including in its 1937 taxable income, the sum of $425,115, representing...
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