WILLIAM C. COLEMAN, Chief Judge.
The question presented for decision is: did the $75,608.66 which was received by the plaintiff on November 29, 1948, from the Maryland State Racing Commission as a reimbursement of the cost of rebuilding plaintiff's racing strip at Pimlico Race Course, Baltimore, constitute income subject to federal income tax?
In its income tax return for the fiscal year ending November 30, 1948, plaintiff included this sum as gross income...
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