OPINION.
TIETJENS, Judge.
The Commissioner determined deficiencies in income tax in the amounts of $2,959.02 and $58,542.56 for the fiscal years ended July 31, 1954, and July 31, 1955, respectively.
The petition herein raises issues appertaining only to fiscal 1955. The question for decision is whether the Commissioner properly included in income the sum of $133,270.89 as the result of certain transactions hereinafter described between petitioner...
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