MULRONEY, Judge:
The respondent determined deficiencies in income tax of petitioner for the years 1952 and 1954 in the amounts of $12,985.01 and $43,410.35, respectively.
The sole question is whether petitioner, a mutual fire insurance company, is entitled to file its return and be taxed according to section 204, I.R.C. 1939, and section 831, I.R.C. 1954.
FINDINGS OF FACT.
Petitioner is engaged in carrying on a mutual fire insurance...
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