The Commissioner determined deficiencies in petitioner's income tax for the years indicated, as follows:
Fiscal year ended— Amount Feb. 28, 1951 ------------------------ $31,231.08 Feb. 29, 1952 ------------------------ 13,807.27 Feb. 28, 1953 ------------------------ 11,729.39
The principal issue is whether petitioner is subject to tax under section 102, I.R.C. 1939, as having been availed...
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