HOYT, Judge:
Respondent determined a deficiency in petitioner's income tax for the period July 1, 1960, to June 30, 1961, after disallowance of certain depreciation deductions claimed. Petitioner, however, while reexamining its return for that year, discovered its failure to take a deduction for a loss resulting from sale of its accounts receivable at less than book value. By its petition filed herein error is assigned to respondent's failure to allow the loss...
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