OPINION.
ARUNDELL, Judge:
This case involves an excess profits tax deficiency of $1,925.24 for the taxable year ended November 30, 1941. The question presented is whether certain income realized by the petitioner in a base period year was income derived from the retirement or discharge of any bond within the meaning of section 711 (b) (1) (C) of the Internal Revenue Code.
All the facts have been stipulated and, so far as pertinent to an understanding...
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