This proceeding involves a deficiency of $67,759.58 in income tax for the year 1944. The deficiency results from three adjustments in petitioners' net income. By appropriate assignment of error petitioners contest only adjustment (a), which was explained by respondent in a statement attached to the deficiency notice as follows:
(a) It is held that the transaction reported in your return as a sale of a debenture note issued by Lubbock Hilton Hotel Company, Inc...
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