The issue here is whether petitioner, in computing its excess profits net income for the fiscal year ended March 31, 1943, is entitled to exclude gain from the sale of parts of a dismantled marine railway. The respondent denied the exclusion and determined an excess profits tax deficiency of $4,664.97. The facts are in part stipulated.
FINDINGS OF FACT.
Petitioner is a corporation, organized in 1929 under the laws of the State of Delaware and having its...
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