Memorandum Findings of Fact and Opinion
DAWSON, Judge:
Respondent determined deficiencies in petitioner's income taxes, as follows:
Taxable Years Ended Deficiency June 30, 1958......... $16,088.75 June 30, 1959......... 35,305.01 June 30, 1960......... 15,067.04
The issues presented for decision are: (1) Whether certain purchases made...
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