Memorandum Opinion
FEATHERSTON, Judge:
Respondent determined deficiencies in the amounts of $3,150.66 and $363.13 in petitioner's Federal income tax for 1970 and 1971, respectively. The only issue to be resolved is whether petitioner is liable for the personal holding company tax imposed by section 541.
All the facts are stipulated.
Petitioner is a corporation organized under the laws of the State of Indiana...
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