QUEALY, Judge:
This proceeding involves a redetermination of a deficiency in income tax asserted against petitioner for the taxable year 1967 in the amount of $35,200.06. As a result of concessions by the parties, the only question presented for decision is whether the petitioner realized a long-term capital gain on account of the receipt of the sum of $175,000 in consideration of the transfer or relinquishment of petitioner's right or option to an interest...
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