The Commissioner determined against the petitioner, for the calendar year 1941, a deficiency in income tax in the amount of $6,965.89, and a deficiency of $13,301.67 in personal holding company surtax. Both amounts are placed in controversy. The questions presented are: (a) Whether the Commissioner erred in applying section 24 (b) (1) (B) of the Internal Revenue Code and denying deduction of losses upon a portion of the stocks involved in transaction in stock, while adding...
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