United States Tax Court.
The Commissioner has determined a deficiency in petitioner's income tax for the fiscal year ended November 30, 1956, of $19,057.09. The deficiency is due to two adjustments made to the income reported on petitioner's return, as follows:
(a) Gain realized on involuntarily converted property ----------- $75,628.37 (b) Lease cancellation expense ---------------------------------- 500.00
Adjustment (a) is explained in the deficiency notice as...
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