The respondent determined a deficiency in income tax against the petitioner for its fiscal year ended August 31, 1952, in the amount of $402,155.94. The questions for decisions are (1) whether the sale of certain stock by petitioner was an involuntary conversion within the meaning of section 112(f) of the Internal Revenue Code of 1939, and, if so, (2) whether, within the meaning of the statute, certain expenditures by petitioner were for the purchase of property similar or...
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