The respondent determined a deficiency in the income and excess profits taxes of the Merkra Holding Co., Inc., for the fiscal year ended February 28, 1951, in the amount of $211,303.92. The respondent also determined, in Docket Nos. 52238, 52239, 52240, and 52241, that the several stockholders of Merkra Holding Co., Inc., were liable as transferees for varying portions of the $211,303.92 deficiency. These dockets were consolidated for the hearing.
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