TIETJENS, Judge:
The Commissioner determined a deficiency in petitioner's income tax for 1955 in the amount of $7,006.16. The issues presented are: (1) whether the gain from the sale of land was properly excluded by petitioner from its gross income under section 337, Internal Revenue Code of 1954; (2) whether petitioner is entitled to a bad debt deduction; and (3) whether petitioner is entitled to a deduction...
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