Memorandum Opinion
RAUM, Judge:
Respondent determined deficiencies in income tax of petitioner in the amount of $1,134.64 for each of the years 1956 and 1957. Petitioner claims overpayments in the amounts of $980.28 for the year 1956 and $839.28 for the year 1957.
The sole issue is whether petitioner is entitled to deductions for depreciation with respect to certain structures situated on land acquired by it for use as a parking lot even though,...
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