Memorandum Opinion
JOHNSON, Judge:
Respondent has determined a deficiency in corporate income tax for 1950 in the amount of $2,059.08. All of the deficiency is not in dispute, but the sole issue before us is whether petitioner received a taxable gain on the sale of treasury stock.
[Findings of Fact]
All facts were stipulated and are so found.
Petitioner was organized and incorporated under the laws of the State of Rhode Island...
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