Memorandum Findings of Fact and Opinion
RAUM, Judge:
The Commissioner determined the following deficiencies in petitioner's Federal income tax:
Year Deficiency 1969 ................ $49,763.02 1970 ................ 37,424.60 1971 ................ 37,499.28
After concessions, the sole issue remaining for decision is the fair market value as of December, 1968, of a certain man-made "reservoir...
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