FISHER, Judge:
In his notice of deficiency, respondent determined a deficiency in petitioner's Federal income tax for the taxable year ended December 31, 1955, in the amount of $54,164.16 and additions to tax in the amount of $15,883.18 for such year under section 6651(a) of the Internal Revenue Code of 1954.
The deficiency is based upon respondent's determination that petitioner forfeited its right to elect the installment...
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