The Commissioner determined a deficiency in petitioner's income tax for its fiscal year ended November 30, 1955, in the amount of $65,827.36, part of which is no longer in controversy. The issues remaining for decision are: (1) Whether petitioner realized a short-term capital loss in the amount of $17,805 on February 15, 1955, on its purported sale of 3,000 shares of Chicago, Milwaukee, St. Paul & Pacific Railway Co. preferred stock, ex dividend, which it had purportedly...
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