DAWSON, Judge.
Respondent determined deficiencies in petitioner's income tax for the years 1953 and 1955 in the amounts of $26,531.96 and $212,794.49, respectively.
The parties have agreed that the sole issue for decision is whether the sale at a loss, of accounts receivable, inventories, land, and depreciable assets acquired by petitioner upon the distribution in complete liquidation of its wholly owned subsidiary, constitutes a capital loss or an...
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