In this case there is involved income tax liability for the calendar year 1943. Deficiency was determined in the amount of $70,147.01. At trial the parties each conceded an issue, and agreed upon another. Such concessions will be reflected in decision to be rendered under Rule 50. This leaves for our consideration the single issue as to whether certain corporate stock belonging to the petitioner was canceled or redeemed at such time and in such manner as to require treatment...
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