The Commissioner determined deficiencies in petitioner's declared-value excess profits taxes and excess profits taxes for the taxable year 1943 in the amounts of $66.63 and $3,162.17, respectively. Certain adjustments made by respondent are not contested by petitioner. The amount of the deficiencies in controversy arises from respondent's determination that real estate sold by petitioner in 1943 was a capital asset.
FINDINGS OF FACT.
A partial stipulation...
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