TANNENWALD, Judge:
Respondent determined a deficiency in petitioner's corporate income tax in the amount of $37,457.37 for the taxable year 1959. The sole issue for our consideration is whether the gain derived from a sale of all the stock in petitioner's wholly owned subsidiary should be taxable to petitioner.
FINDINGS OF FACT
Some of the facts have been stipulated and are found accordingly.
Petitioner Waltham Netoco Theatres, Inc...
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