The respondent determined a deficiency in income tax against petitioner Kingsmill Corporation for the taxable year ended May 31, 1951, in the amount of $18,245.81. The respondent determined a deficiency in income tax against Thomas M. Brooks Lumber Company, Incorporated, for the taxable year ended May 31, 1951, in the amount of $18,245.81 as transferee of Kingsmill Corporation. The term "petitioner" will generally be used hereinafter to denote Kingsmill Corporation only....
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