Respondent determined that each of the petitioners was liable, as a transferee of the assets of Washington Farms, Inc., for deficiencies in income, declared value excess profits, and excess profits tax of $544.73, $607.31, and $688.87, respectively, for 1940; of $2,018.83 in income tax for 1941; and in income tax, declared value excess profits, and excess profits tax of $336.04, $2,937.71, and $17,981.20, respectively, for 1942. The sole issue is the extent of the liability...
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