Memorandum Opinion
DAWSON, Judge:
Respondent determined a deficiency in the income tax of Inland Equipment Rental, Inc., for the fiscal year ended August 31, 1960, in the amount of $41,158.99, and asserted liability against petitioner as transferee of Inland.
Respondent has conceded an adjustment relating to depreciation expenses and such concession will be given effect in the Rule 50 computation. The only issue for decision is whether Inland Equipment...
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