The Commissioner has determined a deficiency in petitioner's income tax for the year 1941 of $938.71. The principal part of the deficiency is due to the determination by the Commissioner that a gain of $12,930.15 which petitioner had from the disposition in 1941 of 750 shares of preferred stock in the A. J. Tower Co. was a short term capital gain, 100 percent of which should be taken into taxable income, instead of being a long term capital gain, only 50 percent of which...
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