FISHER, Judge:
Respondent determined a deficiency in income tax against petitioners for the taxable year 1954 in the amount of $1,344.35.
The principal issues presented for our decision herein are (1) whether petitioner, in the taxable year 1954, acquired three lots from Lake Forest, Inc., a corporation in which he was a stockholder, at bargain prices so as to render the excess of the fair market value over the price paid taxable to him as a dividend...
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